- Closed Deals
Description
Address: 701 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304
Prakas & Co. is proud to announce the sale of a premier trophy restaurant retail condo located on the ground floor of the luxurious Paramount Tower on Fort Lauderdale Beach. This iconic waterfront property, with its unbeatable views of the Atlantic Ocean, represents a standout transaction in South Florida’s hospitality and real estate market.
Key Highlights:
- Property Details: Premier restaurant retail condo on the ground floor of the Paramount Tower
- Tenant: Truluck’s, a fine dining seafood restaurant
- Lease Structure: Long-term Triple Net (NNN) Lease
- Development Role: Prakas & Co. was involved in this property from its inception, assisting the client in building out the shell of the restaurant space and identifying the perfect tenant
Why It Stands Out:
This deal was particularly special to us at Prakas & Co., as we share a close connection with both Truluck’s ownership and the landlord. This relationship made for a seamless and collaborative transaction that benefited all parties involved.
The trophy property was meticulously developed to attract a world-class restaurant operator that matched its prime location and luxury standards. We successfully brokered the deal by securing key money for the sale of the condo and structuring a long-term lease with Truluck’s, a fine dining seafood concept that perfectly complements the beachfront atmosphere of Fort Lauderdale.
From start to finish, Prakas & Co. has been proud to play a vital role in this transaction, ensuring a seamless transition that elevates the Paramount Tower’s dining and lifestyle offerings.
- Size: 8000
- Infrastructure Included: Yes - Full Kitchen & Bar
- Current Tenants: Truluck's Seafood
View on map / Neighborhood
This commercial property is located in Fort Lauderdale is currently Closed Deals and has been listed on Prakas & Co. This property is listed at Sale / Leaseback and is listed as .
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Closed Deals
Sale / Leaseback
Description
Address: 701 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304
Prakas & Co. is proud to announce the sale of a premier trophy restaurant retail condo located on the ground floor of the luxurious Paramount Tower on Fort Lauderdale Beach. This iconic waterfront property, with its unbeatable views of the Atlantic Ocean, represents a standout transaction in South Florida’s hospitality and real estate market.
Key Highlights:
- Property Details: Premier restaurant retail condo on the ground floor of the Paramount Tower
- Tenant: Truluck’s, a fine dining seafood restaurant
- Lease Structure: Long-term Triple Net (NNN) Lease
- Development Role: Prakas & Co. was involved in this property from its inception, assisting the client in building out the shell of the restaurant space and identifying the perfect tenant
Why It Stands Out:
This deal was particularly special to us at Prakas & Co., as we share a close connection with both Truluck’s ownership and the landlord. This relationship made for a seamless and collaborative transaction that benefited all parties involved.
The trophy property was meticulously developed to attract a world-class restaurant operator that matched its prime location and luxury standards. We successfully brokered the deal by securing key money for the sale of the condo and structuring a long-term lease with Truluck’s, a fine dining seafood concept that perfectly complements the beachfront atmosphere of Fort Lauderdale.
From start to finish, Prakas & Co. has been proud to play a vital role in this transaction, ensuring a seamless transition that elevates the Paramount Tower’s dining and lifestyle offerings.
- Size: 8000
- Infrastructure Included: Yes - Full Kitchen & Bar
- Current Tenants: Truluck's Seafood
View on map / Neighborhood
This commercial property is located in Fort Lauderdale is currently Closed Deals and has been listed on Prakas & Co. This property is listed at Sale / Leaseback and is listed as .