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218 East Broad Street

Michael Fixler Of Fixler Capital Leases Retail Space To 787 Coffee At 218 East Broad Street
LEASEDRetail

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:

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Westfield 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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93