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615 Federal Highway

Gabriel Ammar And Joseph Ammar Landlord To Steps2success In Retail Lease At 615 Federal Highway
LEASEDRetail

Gabriel Ammar And Joseph Ammar Landlord To Steps2success In Retail Lease At 615 Federal Highway

615 Federal Highway

$50

$50/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

May 31, 2026

AI

The asset involved in this transaction is a retail redevelopment located at 615 Federal Highway in Hollywood. The property is being leased to Steps2success under a NNN Lease at an asking rent of $50 per square foot, totaling 15,000 square feet.

Summary of transaction details:

  • Property Type: Retail Redevelopment
  • Transaction Amount: $750,000
  • Landlord: Gabriel Ammar & Joseph Ammar
  • Tenant: Steps2success
  • Broker: Barrett Wolf - WolfCo
  • Date: 06/01/2026

The Ammar Group, led by Gabriel and Joseph Ammar, is engaged in financing, investing, and developing various types of real estate. They are actively scouting new opportunities across the Southeast and currently have multiple projects in the pipeline. Barrett Wolf from WolfCo represents the landlord in this transaction.

Players

Barrett Wolf

Wolf Commercial Real Estate

Broker

$50.3M

vol

13 deals

Broker

Hollywood Retail Market Snapshot

Boundary boundary ยท Retail ยท Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93