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200 E Las Olas BLVD, Fort L...

Stiles Represents Sushi Maki In 2136 SF Lease On Las Olas Blvd
LEASED

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

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.

Players

Mike Carpenter

Stiles

Broker

1 deal

Broker

Fort Lauderdale 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93