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5430 Southwest 8th Street

Reinaldo Perez Leases Retail Space In Coral Gables To Eulalia Alvarez For $17,000/month
LEASEDRetail

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

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:

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.

Players

Ashleen Cruz

Fausto Commercial Realty Consultants

Broker

$15.5M

vol

9 deals

Broker

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