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GALBI Steakhouse & Sushi Signs 10-Year Lease For 3,300 SF Space At Hyde Beach House In Hollywood
LEASED
Florida
See Similar DealsRetail3,300 SF
Leased 07/11/2023
LEASED
GALBI Steakhouse & Sushi Signs 10-Year Lease For 3,300 SF Space At Hyde Beach House In Hollywood
4010 South Ocean Drive Hollywood, Florida 33019, USA
See Similar DealsRetail3,300 SF
Leased 07/11/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3,300 SF
Transaction Type:Lease
A deal has been brokered for GALBI Steakhouse & Sushi to make its Florida debut at Hyde Beach House in Hollywood. The retail space, located at 4010 South Ocean Drive, spans 3,300 square feet. The lease, secured for a period of 10 years, will see GALBI opening its doors to the public in summer 2024. The property is situated in the Hollywood market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 3,300
- Address: 4010 South Ocean Drive, Hollywood
- Market: Hollywood
Representing the landlord in this transaction is Ovy Anghel from APEX Capital Realty, while GALBI Steakhouse & Sushi is represented by Matthew Katzen from Lee & Associates. The involvement of both parties has been instrumental in finalizing the 10-year lease agreement for the retail space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$189,154.01
Total Lease Value
$1,891,540.09
Net Landlord Cash Flow$189,154.01
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