Century Town Center In Doral Signs Leases With My Salon Suites, Rumble Boxing, And Kidstrong For Retail Space
Building Size
11,185 SF
Asset Type
Retail
Closing
Oct 30, 2023
About this deal
AI
The Century Town Center in Doral, located at 8175 Northwest 107th Avenue, has recently signed leases with three retail tenants: My Salon Suites, Rumble Boxing, and Kidstrong. My Salon Suites will occupy 5,910 square feet of ground-floor retail space, while Rumble Boxing and Kidstrong will have spaces of 2,541 and 2,734 square feet, respectively. The property includes 326 residential units and 31,000 square feet of retail space in Phase I, with Phase II planned to add 408 residential units and 27,000 square feet of retail space.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 11,185
- Address: 8175 Northwest 107th Avenue
- Market: Doral
Involved in this lease deal are Mattoni Group represented by Ricardo Caporal, Double C, and Century Homebuilders Group represented by Sergio Pino as the landlords. The brokers for this transaction are Malina Huynh and Rafael Romero from JLL.
Players
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93