Appas Pizza Leases 1,800 SF Retail Space At 210 First Avenue In East Village
210 1st Avenue
$150
Building Size
—
Asset Type
—
Closing
Aug 10, 2022
AI
The retail property located at 210 First Avenue in East Village has been leased. The tenant, Appas Pizza, will occupy the space, which spans 1,800 square feet. The lease was facilitated by Carolina Aziz and Maddy Soffer from KSR, who represented Appas Pizza. The landlord, Subotic, was represented by Joshua Kaufman. The asking rent for the property was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 210 First Avenue
- Market: East Village
Carolina Aziz and Maddy Soffer from KSR acted as the tenant's representatives in the deal. Joshua Kaufman represented the landlord. The leasing of the property at 210 First Avenue marks a significant milestone for Appas Pizza as they expand their presence in the East Village market.
Players
Old Toronto CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93