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541 River Road

Jerry Stefanitsis Leases Retail Space To Don Coqui At 541 River Road In Edgewater
LEASEDRetail

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

Tom Bouklis

Broker

$32.6M

vol

5 deals

Broker

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