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12801 W Sunrise Blvd Sunris...

Updated Dec 4, 2024

CVI.CHE 105 Signs Lease For Retail Space At 12801 West Sunrise Boulevard In Sunrise
LEASEDRetail

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

Noah Fox

Vertical Real Estate

Broker

$91.1M

vol

24 deals

Broker
Simon Property Group
Simon Property GroupBrokerage
Simon Property Group
Simon Property GroupLandlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $85 per square foot on a published $85 for 5,500 square feet (2023).

Visit Noah Fox to view all their deals.

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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

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