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
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