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952 East 26th Street

Matthew Baron And Alirio Torrealba Lease Retail Space To Mr Baker In Hialeah For 1760 SF
LEASEDRetail

Matthew Baron And Alirio Torrealba Lease Retail Space To Mr Baker In Hialeah For 1760 SF

952 East 26th Street

Building Size

1,760 SF

Asset Type

Retail

Closing

Sep 25, 2025

AI

The property asset involved in this transaction is a retail space located at 952 East 26th Street in Hialeah, encompassing a total area of 1,760 square feet. This retail space is part of a mixed-use project that will ultimately include 559 residential units and over 15,000 square feet of retail space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 952 East 26th Street
  • Market: Hialeah
  • Landlord: Matthew Baron - Baron Property Group & Alirio Torrealba - MG Developer
  • Tenant: Mr Baker
  • Landlord's Representative: Daniel Pou - Fuse Commercial Real Estate
  • Tenant's Representative: Oscar Martinez - Florida Realty of Miami

The transaction marks the signing of Mr. Baker, a popular Cuban bakery, as the first retail tenant at Metro Parc in Hialeah. This development has already successfully leased 25% of its residences, indicating strong interest in the project.

Players

Daniel Pou

Fuse Commercial Real Estate

Broker

$6.5M

vol

3 deals

Broker
Horizon Properties
Horizon PropertiesBrokerage
Alirio Torrealba

Alirio Torrealba

MG Developer

Landlord

$502.4M

vol

16 deals

Landlord

Hialeah 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