Stiles Represents Sushi Maki In 2136 SF Lease On Las Olas Blvd
200 E Las Olas BLVD, Fort Lauderdale...
Building Size
2,136 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
Located at 200 East Las Olas Boulevard in Fort Lauderdale, the property is set to house Sushi Maki, a new sushi bar concept known as 'Polished Fast-Casual Dining.' The restaurant will encompass 2,136 square feet of space, including an outdoor seating area, within the bustling Las Olas corridor.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Market: Fort Lauderdale
- Landlord's Rep: Mike Carpenter (Stiles)
- Tenant: Sushi Maki
- Square Feet: 2136
Vice President Mike Carpenter of Stiles Retail Group facilitated the lease agreement with Sushi Maki, highlighting a multi-generational, family-owned partnership with a focus on community dedication. On the tenant side, Jenny Gefen from Colliers South Florida represented Sushi Maki in the negotiation process.
On the Map
Players
Fort Lauderdale CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93