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1108 South Miami Avenue, Br...

Paseo Brickell Leases 2,500 SF Retail Space To Omakai Sushi For $120 Per SF
LEASEDRetail

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

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

64 deals

Broker

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