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Haley Presser Closes 5-Year Lease With Tire Kingdom In Tamarac

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LEASED
$30

Florida

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Retail8,475 SF
Leased
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LEASED

Haley Presser Closes 5-Year Lease With Tire Kingdom In Tamarac

Retail8,475 SF
Leased
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Summary

Asset Type:Retail
Price Per Square Foot:$30
Total Square Footage:8475 SF
Transaction Type:Lease

The retail property located at 6440 West Commercial Boulevard in Tamarac, with a total square footage of 8,475, was leased to Tire Kingdom for a 5-year term at an asking rent of $30 per square foot, amounting to a total lease value of $1,302,000.00. The end cap bay features frontage on Commercial Blvd, multiple overhead doors, and is zoned for automotive use.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,302,000.00
  • Address: 6440 West Commercial Boulevard
  • Market: Tamarac
  • Tenant: Tire Kingdom
  • Landlord: Nanyang Wang - Jin Yang Real Estate Corp.
  • Broker: Haley Presser - Levy Realty Advisors, LLC

Haley Presser of Levy Realty Advisors, LLC, acted as the broker representing the landlord in the deal, facilitating the 5-year lease agreement with Tire Kingdom for the retail space. The property's end cap bay, featuring multiple overhead doors and automotive zoning, proved to be an attractive option for the tenant.

Players

Haley Presser
1 deal(954) 491-5505
BROKER

Details

LEASED
IMAGE: Haley Presser DATE: 05/23/2024 ADDRESS: 6440 West Commercial Boulevard MARKET: Tamarac ASSET TYPE: Retail LANDLORD: Nanyang Wang - Jin Yang Real Estate Corp. TENANT: Tire Kingdom BROKER: Haley Presser (@Haley_Nicolex) - Levy Realty Advisors, LLC ASKING RENT: $30/ft. ~ SF: 8,475 LEASE TERM: $1,302,000.00 5 Years NOTE FROM BROKER: Haley Presser with Levy Realty Advisors, LLC represented the landlord completing a 5 year Lease with Tire Kingdom. End cap bay with frontage on Commerical Blvd, multiple overhead doors, zoned automotive.

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Deal Type
Effective Rent (Annual)

$291,469.13

Total Lease Value

$2,914,691.31

Net Landlord Cash Flow$291,469.13