Family Dollar Expands And Renews Lease At 907 S Orange Ave In East Orange
907 South Orange Avenue
$21
$21/SF
Building Size
9,985 SF
Asset Type
Retail
Closing
Aug 26, 2022
AI
The retail property located at 907 S Orange Ave in East Orange has been leased. The property has a total area of 9,985 square feet. The landlord, Nathan Hedaya, represents Hedaya 907 South Orange LLC. The tenant for this lease is Family Dollar. The deal includes a new 10-year term and a 1,650 sq ft expansion, bringing the center to 100% occupancy. The asking rent for the property is $21 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Market: East Orange
The deal was facilitated by brokers Chris Conway from The Goldstein Group, and Danielle Brunelli & Pete Nicholson from R.J. Brunelli.
Players
Orlando 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
755380.95%
Cash-on-Cash
-215890.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93