Equinox Signs NNN Lease For 50,500 SF Retail Space At 6600 North Military Trail In Boca Raton
LEASED
$62
Florida
See Similar DealsRetail37,000 SF
Leased 02/11/2025
LEASED
Equinox Signs NNN Lease For 50,500 SF Retail Space At 6600 North Military Trail In Boca Raton
6600 North Military Trail
See Similar DealsRetail37,000 SF
Leased 02/11/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$62
Total Square Footage:37,000 SF
Transaction Type:Lease
The property asset is located at 6600 North Military Trail in Boca Raton, consisting of a total square footage of 50,500 dedicated to retail use. The lease for this property is a triple net (NNN) lease, which delineates responsibilities regarding property taxes, insurance, and maintenance costs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 6600 North Military Trail
- Market: Boca Raton
- Landlord: PEBB Enterprises & Related Group
- Tenant: Equinox
- Tenant's Representative: Daniel Cardenas - Vertical Real Estate
- Lease Type: NNN Lease
Equinox will incorporate outdoor space featuring a pool, cabanas, cold plunge, hot plunge, and padel courts as part of their lease agreement for the property. The representation of the tenant in this transaction was handled by Daniel Cardenas from Vertical Real Estate.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,629,813.91
Total Lease Value
$26,298,139.14
Net Landlord Cash Flow$2,629,813.91
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