David Simon Of Simon Property Group Leases Retail Space At Dadeland Mall To PARFUMS De MARLY
7535 Southwest 88th Street
$225
$225/SF
Building Size
1,007 SF
Asset Type
Retail
Closing
Jun 17, 2025
AI
The property asset involved in the transaction is a retail lease located at Dadeland Mall, specifically at 7535 N Kendall Dr, Miami, FL 33156. The lease encompasses a space of 1,007 square feet, with an asking rent of $225 per square foot within the Miami market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $225/ft
- Square Footage: 1,007
- Address: 7535 N Kendall Dr, Miami, FL 33156
- Market: Miami
- Landlord: David Simon - Simon Property Group
- Tenant: PARFUMS de MARLY
- Tenant's Representative: George Skaliarinis & Jack Hamadani - Kassin Sabbagh Realty
- Lease Type: Retail Lease
Key individuals involved in the transaction include David Simon representing Simon Property Group as the landlord, and George Skaliarinis along with Jack Hamadani who acted as the representatives for the tenant, PARFUMS de MARLY. The lease transaction took place on June 18, 2025.
Players
Miami 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
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93