Michael Fixler Of Fixler Capital Leases Retail Space To 787 Coffee At 218 East Broad Street
218 East Broad Street
$90
$90/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 19, 2025
AI
The property asset involved in the transaction is a retail space located at 218 East Broad Street in the Westfield market. The asking rent for the space is set at $90 per square foot, with a total square footage of 1,000. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Square Footage: 1,000 SF
- Lease Type: Modified Gross Lease
- Landlord: Michael Fixler - Fixler Capital
- Tenant: 787 Coffee
- Brokers: Adam Matloff, Allen Villafranca, Nathaniel Abitbol, Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Date: 04/20/2025
The deal involved Michael Fixler representing Fixler Capital as the landlord and 787 Coffee as the tenant. The brokers overseeing the transaction were Adam Matloff, Allen Villafranca, Nathaniel Abitbol, Noam Aziz, and Carson Shahrabani from Meridian Capital Group, providing their expertise in the leasing process.
Players
Westfield Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93