Jerry Stefanitsis Leases Retail Space To Don Coqui At 541 River Road In Edgewater
541 River Road
$53
$53/SF
Building Size
10,400 SF
Asset Type
Retail
Closing
Jul 18, 2024
AI
The retail property, located at 541 River Road in Edgewater, encompasses a total of 10,400 square feet. The lease is structured as a Double Net Lease, with an asking rent of $53 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,400
- Landlord: Jerry Stefanitsis
- Tenant: Don Coqui
- Broker: Tom Bouklis - Bouklis Group Real Estate
- Lease Type: Double Net Lease
Tom Bouklis of Bouklis Group Real Estate represents the landlord, Jerry Stefanitsis, in this lease transaction involving Don Coqui as the tenant. The agreement reflects a notable engagement in the Edgewater market, facilitating a commercial relationship between the parties.
Players
Edgewater 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
299301.89%
Cash-on-Cash
-85541.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93