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45 Northeast 41st Street

James Jebbia Of Supreme Opens Retail Store At 45 Northeast 41st Street In Miami
LEASEDRetail

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:

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

Eliot Goldschmidt

Masonre

Broker

$17.3M

vol

11 deals

Broker
masonre
masonreBrokerage

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