Black Sheep Coffee Leases Retail Space In Doral From SJC Ventures For 10 Years
Northwest 107th Avenue and Northwest 41st Street
$75
$75/SF
Building Size
1,998 SF
Asset Type
Retail
Closing
Oct 1, 2024
AI
The property asset is located at Northwest 107th Avenue & Northwest 41st Street in the Doral market. It is a retail space within a new development measuring approximately 1,998 square feet. The asking rent for this property is $75 per square foot, and it is under a 10-year NNN lease.
Summary of transation details:
- Property Type: Retail (New Development)
- Transaction Amount: $75/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: SJC Ventures
- Tenant: Black Sheep Coffee
- Landlord's Representative: Cori Jackson
- Tenant's Representative: Yanina Yefimova - Metro Commercial Real Estate
Black Sheep Coffee has secured its second Miami-Dade location at the Doral Marketplace, a shopping center anchored by Whole Foods Market. Yanina Yefimova represented the tenant, while Cori Jackson represented the landlord in this lease agreement.
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93