Freddo Gelato Leases Retail Space At Countryside Shops In Cooper City
5562 South Flamingo Road
$40
$40/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
Jun 27, 2024
About this deal
AI
The retail property located at 5562 South Flamingo Road in Cooper City has been leased to Freddo Gelato. The space spans 1,050 square feet and the deal was facilitated by FA Commercial, with an asking rent of $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5562 South Flamingo Road
- Market: Cooper City
- Landlord: Regency Centers
- Tenant: Freddo Gelato
- Brokers: Sebastian Faerman & Fabio Faerman - FA Commercial
- Size: 1050 SF
Sebastián Faerman and Fabio Faerman of FA Commercial represented both the landlord, Regency Centers, and the tenant, Freddo Gelato, in the lease transaction at Countryside Shops. Freddo Gelato is expanding its presence, with this new store being the 15th location opened in South Florida.
On the Map
$40
$40/SF
Retail
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Players
Cooper City 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93