Alan Stern Of Friedman Real Estate Leases 28000 Square Feet At Pirates Plaza In Flint MI
4067 Miller Road
Building Size
—
Asset Type
Retail
Closing
Oct 21, 2024
About this deal
AI
The property asset involved in the transaction is a retail space located at 4067-4086 Miller Road in Flint, MI, encompassing a total area of 28,000 square feet. This retail space is part of Pirate’s Plaza in the local market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4067-4086 Miller Road
- Market: Flint, MI
- Leased Space: 28,000 square feet
- Broker: Alan Stern - Friedman Real Estate
- Role of Broker: Represented the landlord in the deal
Alan Stern, a representative from Friedman Real Estate, facilitated the lease transaction, ensuring a successful agreement for the landlord at Pirate’s Plaza, confirming his expertise in managing retail property dealings.
Players
Flint 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