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

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LEASED
$85

Florida

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Retail5,000 SF
Leased 08/25/2023
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Property Image
LEASED

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

6000 Glades Rd Boca Raton, FL 33431, USA

See Similar Deals
Retail5,000 SF
Leased 08/25/2023
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:5,000 SF
Transaction Type:Lease

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
22 deals$83.3M volume
BROKER


Simon Property Group
BROKERAGE


Details

LEASED
IMAGE: Noah Fox DATE: 08/25/2023 ADDRESS: 6000 Glades Road MARKET: Boca Raton ASSET TYPE: Retail LANDLORD: Simon Property Group TENANT: CVI.CHE 105 LANDLORD'S REP: Trey Peckenpaugh (@Wlpiii) - Simon Property Group (@SimonPropertyGroup) TENANT'S REP: Noah Fox (@Noahramfox) - Vertical Real Estate (@VerticalREMiami) ASKING RENT: $85/ft. ~ SF: 5,000 NOTE FROM TENANT'S REP: CVI.CHE 105 is South Florida's leading Peruvian restaurant who has already completed transactions with Simon Property Group at their mall, Dadeland, in South Miami. The restaurant continues to value their partnership with Simon Property Group. They are also looking to expand throughout Florida. Should you have a site that you feel makes sense for their concept, please feel free to reach out to Vertical Real Estate @verticalremia

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Deal Type
Effective Rent (Annual)

$487,214.87

Total Lease Value

$4,872,148.71

Net Landlord Cash Flow$487,214.87