Philip Sylvester Leases Mixed-Use Space At 78 Northwest 37th Street To Collector Square For $66.66/ft
LEASED
$200,000
Florida
See Similar DealsMixed-use3,000 SF
Leased 05/21/2026
LEASED
Philip Sylvester Leases Mixed-Use Space At 78 Northwest 37th Street To Collector Square For $66.66/ft
78 Northwest 37th Street
See Similar DealsMixed-use3,000 SF
Leased 05/21/2026
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$200,000
Total Square Footage:3,000 SF
Transaction Type:Lease
The property involved in this transaction is a mixed-use asset located at 78 Northwest 37th Street in Miami. The asking rent for this asset is set at $66.66 per square foot for a total area of 3,000 square feet. The lease term consists of three years with an option for an additional three years. It is classified as a NNN lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $66.66/ft
- Address: 78 Northwest 37th Street
- Market: Miami
- Landlord: Philip Sylvester
- Tenant: Collector Square
- Tenant's Representative: Francisco Canestri & Paulie Hankin - Cervera Real Estate
- Lease Term: 3Y + 3Y
- Lease Type: NNN Lease
- Square Footage: 3,000
Collector Square, the tenant in this transaction, is a Paris-based luxury firm, specializing in the sale of vintage handbags, watches, jewelry, and art.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$687,832,758.69
Total Lease Value
$6,878,327,586.88
Net Landlord Cash Flow$687,832,758.69
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