Hatch To Open Second Location In Fort Lauderdale's Flagler Village
715 North Federal Highway Fort Lauderdale, Florida 33304, USA
Building Size
4,500 SF
Asset Type
Retail
Closing
Jul 24, 2023
AI
Hatch - Lessing's Hospitality Group is set to open their second restaurant, Hatch, in downtown Fort Lauderdale's Flagler Village neighborhood. The new location is a 4,500-square-foot retail space located at 715 North Federal Highway. Hatch's first establishment was opened in Huntington, New York in 2018.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 4,500 SF
- Address: 715 North Federal Highway, Fort Lauderdale
- Market: Fort Lauderdale
The lease deal was facilitated by Jessica Curtis and Patxi Diaz of CBRE, who served as brokers in the transaction.
Players
Boynton Beach 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93