LEASEDMarina
Babba Joshua Yesharim Leases Marina On Miami River To Jameer Asif For $64 Per Ft
961 Northwest 7th Street
$64
$64/SF
Building Size
15,000 SF
Asset Type
Marina
Closing
Oct 9, 2026
About this deal
AI
The property asset involved in this transaction is a marina located at 961 Northwest 7th Street in Miami. The asking rent is set at $64 per square foot for a total space of 15,000 square feet. The asset type being leased is a waterfront property on the Miami River, situated on a 0.5-acre site, which includes features such as 15 covered boat slips and high-clearance warehouse space, along with ample parking and direct river access for marine operations.
Summary of transaction details:
- Property Type: Marina
- Transaction Amount: $64/ft
- Square Footage: 15,000
- Address: 961 Northwest 7th Street
- Market: Miami
- Landlord: Babba Joshua Yesharim
- Tenant: Jameer Asif
- Landlord's Rep: Babba Joshua Yesharim
- Tenant's Rep: Julian Barcelo - Coldwell Banker
- Lease Type: NNN Lease
Julian Barcelo with Coldwell Banker represented the tenant, Jameer Asif, in this transaction. The lease pertains to a unique waterfront property that enhances marine operations due to its strategic features and layout.
On the Map
$64
$64/SF
Marina
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Players
Miami Marina Market Snapshot
Boundary boundary · Marina · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
247859.38%
Cash-on-Cash
-70838.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93