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6000 Glades Rd Boca Raton, ...

Updated Dec 4, 2024

CVI.CHE 105 Signs Lease For Retail Space At 6000 Glades Road In Boca Raton
LEASEDRetail

CVI.CHE 105 Signs Lease For Retail Space At 6000 Glades Road In Boca Raton

6000 Glades Rd Boca Raton, FL 33431, USA

$85

$85/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Aug 25, 2023

About this deal

AI

The retail property located at 6000 Glades Road in Boca Raton has recently been leased. The property, covering approximately 5,000 square feet, is owned by Simon Property Group.

Summary of transaction details

  • Property Type: Retail
  • Address: 6000 Glades Road, Boca Raton
  • Market: Boca Raton
  • Landlord: Simon Property Group
  • Tenant: CVI.CHE 105

In this deal, CVI.CHE 105, South Florida's leading Peruvian restaurant, has partnered with Simon Property Group. The restaurant has previously completed transactions with Simon Property Group at their mall, Dadeland, in South Miami. CVI.CHE 105 values their partnership with Simon Property Group and is looking to expand throughout Florida. Trey Peckenpaugh from Simon Property Group acted as the landlord's representative, while Noah Fox from Vertical Real Estate represented the tenant in this lease transaction.

The asking rent for the property was $85 per square foot. CVI.CHE 105 leased approximately 5,000 square feet of retail space in Boca Raton. The tenant's representative, Noah Fox, also expressed interest in other potential sites that align with CVI.CHE 105's concept, and interested parties can reach out to Vertical Real Estate for further information.

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 5,000 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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