PEBB Enterprises Leases Retail Space To Stage Kitchen & Bar In Boca Raton
5355 Town Center Road
Building Size
5,200 SF
Asset Type
Retail
Closing
Mar 21, 2024
About this deal
AI
The retail property located at 5355 Town Center Road in Boca Raton spans 5,200 square feet. The lease for this property was finalized in March 2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord: Ian Weiner - PEBB Enterprises
- Tenant: Pushkar Marathe & Andy Dugard - Stage Kitchen & Bar
- Broker: Chris Haass - Cohen Commercial Realty
PEBB Enterprises, led by Ian Weiner, facilitated the lease agreement for the retail space in Boca Raton. The forthcoming expansion of Stage Kitchen & Bar by Pushkar Marathe and Andy Dugard, renowned for their culinary expertise acknowledged by USA Today and the James Beard Foundation, contributes to the vibrant dining scene near Town Center. The strategic location of the property offers convenient access to I-95, enhancing the appeal of the area.
On the Map
Retail
View full map
Boca Raton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Boca Raton retail leases on Traded.
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