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7535 Southwest 88th Street

David Simon Of Simon Property Group Leases Retail Space At Dadeland Mall To PARFUMS De MARLY
LEASEDRetail

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

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
David Simon

David Simon

Simon Property Group

Landlord

$4B

vol

6 deals

Landlord
Simon Property Group
Simon Property GroupLandlord

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