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210 1st Avenue

Appas Pizza Leases 1,800 SF Retail Space At 210 First Avenue In East Village
LEASED

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

Carolina Aziz

Kassin Sabbagh Realty

Broker

$24.8M

vol

96 deals

Broker

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