Black Sheep Coffee Leases Retail Space In Doral From SJC Ventures For 10 Years
Northwest 107th Avenue and Northwest 41st Street
Building Size
1,998 SF
Asset Type
Retail
Closing
Oct 1, 2024
About this deal
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.
On the Map
Retail
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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