Miki Naftali Of Naftali Group Leases Retail Space To ITO•Kaya And SunLife Organics In Miami
110 Northwest 10th Street
Building Size
—
Asset Type
Retail
Closing
Apr 13, 2026
AI
The property asset involved in the transaction is located at 110 Northwest 10th Street in Miami, classified under the retail asset type. The location is part of the JEM Private Residences at Miami Worldcenter, which is currently under vertical construction, enhancing the mixed-use luxury development's offerings with new dining and wellness options.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Miki Naftali - Naftali Group
- Tenants: Masa Ito, Kevin Kim, David Rodolitz, Gary Vaynerchuk, Conor Hanlon, and Josh Capon - VCR Group - ITO•Kaya; Khalil Rafati - SunLife Organics
The deal involves key individuals from the Naftali Group and VCR Group, with Miki Naftali representing the landlord. The tenants are collectively enhancing the retail component with ITO•Kaya, a Japanese dining concept, and SunLife Organics, thereby supporting the project's positioning in the marketplace.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93