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
About this deal
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.
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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