The property involved in this transaction is a retail asset located at 201 East Oakland Park Boulevard in the Oakland Park market. It features a total space of 1,750 square feet, which includes a newly leased 1,000 square feet in-line space with a fully built-out kitchen, bar, dining area, and a covered outdoor garden. The asking rent was set at $81 per square foot for the initial term of 10 years under a NNN lease agreement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $81/ft
• Square Footage: 1,000
• Address: 201 East Oakland Park Boulevard
• Market: Oakland Park
• Landlord: Orlando Marrero
• Tenant: Dolce Lounge
• Broker: Joshua Rosa - Metro 1 Commercial
• Lease Type: NNN Lease

Key individuals in this transaction include Orlando Marrero, the owner-operator who successfully downsized his previous business, 'Oakland Coffee & Juice Bar,' and broker Joshua Rosa, who secured the leasing deal. Notably, Dolce Lounge will be attaching their own Full Liquor License to the property, marking a significant addition to the space. This transaction also achieved record rent for Class B Retail/F&B in the submarket and concluded Joshua Rosa's tenure with Metro 1 Commercial after four years.