Updated Dec 4, 2024
Jerry Stefanitsis Leases Retail Space To Don Coqui At 541 River Road In Edgewater
541 River Road
Building Size
10,400 SF
Asset Type
Retail
Closing
Jul 18, 2024
About this deal
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.
On the Map
Retail
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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