Paseo Brickell Leases 2,500 SF Retail Space To Omakai Sushi For $120 Per SF
1108 South Miami Avenue, Brickell, Fl
Building Size
8,750 SF
Asset Type
Retail
Closing
Jul 24, 2026
About this deal
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.
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Retail
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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