CVI.CHE 105 Signs Lease For Retail Space At 12801 West Sunrise Boulevard In Sunrise
12801 W Sunrise Blvd Sunrise, FL 33323, USA
$85
$85/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Aug 25, 2023
About this deal
AI
The property involved in this lease transaction is a retail space located at 12801 West Sunrise Boulevard in Sunrise. The asset spans 5,500 square feet and is owned by Simon Property Group.
Summary of Transaction Details
- Property Type: Retail
- Address: 12801 West Sunrise Boulevard, Sunrise
- Market: Sunrise
- Landlord: Simon Property Group
- Tenant: CVI.CHE 105
- Landlord's Rep: Trey Peckenpaugh - Simon Property Group
- Tenant's Rep: Noah Fox - Vertical Real Estate
- Asking Rent: $85/ft.
CVI.CHE 105, South Florida's leading Peruvian restaurant, has entered into a lease agreement with Simon Property Group. The restaurant already has existing partnerships with Simon Property Group at their malls in Dadeland in South Miami and at the Boca Town Center in East Boca. CVI.CHE 105 values the collaboration with Simon Property Group and is actively looking to expand throughout Florida. For any potential sites that align with their concept, Vertical Real Estate is representing CVI.CHE 105 and can be contacted for further inquiries.
Players
Market 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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93