H&H Bagels & Sanguich Sign 10-Year Leases At Wynwood Plaza In Miami's Mixed-Use Development
Northwest 29th Street
Building Size
2,800 SF
Asset Type
Mixed-use
Closing
Mar 23, 2026
AI
The property involved in this transaction is a mixed-use asset located at 55-95 Northwest 29th Street in Miami, encompassing 2,800 square feet. The market value details are not provided, and the asset is part of a larger 1 million-square-foot development.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 55-95 Northwest 29th Street
- Market: Miami
- Landlord: David Levinson & Robert Lapidus - L&L Holding Company, Erik Rutter & David Weitz - Oak Row Equities
- Tenant: H&H Bagels & Sanguich
- Landlord's Representative: Frank Begrowicz & Greg Masin - Newmark, Bryan Lapidus - L&L Holding
- Tenant's Representative: Karen Maerovitz - Katz & Associates, Ryan Tucker & Jeremy Modest - Ripco
In this leasing transaction, H&H Bagels and Sanguich committed to 10-year leases, each occupying 1,400 square feet at the Wynwood Plaza, contributing to the project's goal of achieving over 40% lease status. The leasing activity was facilitated by the landlord's representatives, with significant involvement from Newmark brokers.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93