Brent Reynolds Of Nolan Reynolds International Leases 8,250 SF Retail Space To Sam Nazarian In Coral Gables
1350 South Dixie Highway
Building Size
8,250 SF
Asset Type
Retail
Closing
Oct 19, 2026
About this deal
AI
The retail asset involved in this lease transaction is located at 1350 South Dixie Highway in Coral Gables, FL. The total space is 8,250 square feet, with two proposed culinary establishments: Katsuya by chef Sam Nazarian and a Mediterranean restaurant by chef Fabio Trabocchi. The restaurants are set to operate within the Thesis Hotel Miami, which features 245 keys, and both are expected to open in the first half of 2027.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Terms: 20-year
- Landlord: Brent Reynolds - Nolan Reynolds International (NRI)
- Tenant: Sam Nazarian - SBE Entertainment Group (Katsuya & Fabio Trabocchi)
This transaction represents a collaboration between Brent Reynolds, who is with Nolan Reynolds International, and Sam Nazarian of SBE Entertainment Group. The partnership aims to enhance the hospitality offerings at the Thesis Hotel Miami through the introduction of culinary experiences tailored to the hotel’s guests and the local market.
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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