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
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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