Paseo Brickell Leases 2,500 SF Retail Space To Omakai Sushi For $120 Per SF
1108 South Miami Avenue, Brickell, Fl
$1,050,000
$1,050,000/SF
Building Size
8,750 SF
Asset Type
Retail
Closing
Jul 24, 2026
AI
The property asset involved in this transaction is a retail space located at 1108 South Miami Avenue in Brickell, Miami. The asking rent is $120 per square foot, with a total area of 8,750 square feet. This lease type is classified as a NNN Lease, and the landlord for this asset is Paseo Brickell.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120 /ft
- Address: 1108 South Miami Avenue
- Market: Brickell, Miami
- Lease Type: NNN Lease
- Landlord: Paseo Brickell
- Tenant: Omakai Sushi
- Square Footage: 8,750 SF
- Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
FA Commercial represented the landlord in this successful lease transaction for a 2nd generation restaurant space at Paseo Brickell, leased to OMAKAI, known for its omakase sushi concept, totaling 2,500 square feet. The lease is part of an open-air center that enhances the dining experience in one of Miami's vibrant communities.
Players
South Miami 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93