Reinaldo Perez Leases Retail Space In Coral Gables To Eulalia Alvarez For $17,000/month
5430 Southwest 8th Street
$17,000
$17,000/SF
Building Size
5,349 SF
Asset Type
Retail
Closing
Apr 1, 2025
About this deal
AI
The transaction involves a retail asset located at 5430 Southwest 8th Street in the Coral Gables market. The property is leased for $17,000 per month and encompasses a total of 5,349 square feet. The lease agreement spans a term of 5 years and is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,000/month
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Reinaldo Perez
- Tenant: Eulalia Alvarez
- Broker: Ashleen Cruz - Fausto Commercial Realty Consultants
The key individuals involved in this transaction are Reinaldo Perez, who serves as the landlord, and Eulalia Alvarez, the tenant. Ashleen Cruz from Fausto Commercial Realty Consultants represented the deal in her capacity as the broker.
On the Map
$17,000
$17,000/SF
Retail
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Coral Gables Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
933.12%
Cash-on-Cash
-266.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93