James Jebbia Of Supreme Opens Retail Store At 45 Northeast 41st Street In Miami
45 Northeast 41st Street
Building Size
3,735 SF
Asset Type
Retail
Closing
Apr 9, 2025
AI
The property asset involved in this lease transaction is located at 45 Northeast 41st Street in Miami, specifically situated in the Design District. This retail space encompasses a total of 3,735 square feet, featuring art installations and a suspended skate bowl designed by Simparch.
Summary of transaction details:
- Property Type: Retail
- Tenant: James Jebbia - Supreme
- Landlord's Representatives: David Abrams, Eliot Goldschmidt, Jeff Jacobson - Masonre
This lease marks the opening of Supreme's first store in Miami, a brand owned by VF Corporation and founded by James Jebbia. The launch coincides with the release of "Headbanger," a skate film shot in Miami by William Strobeck, which showcases the brand's increasing presence in the local market.
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