Jake Waserstein Of Jakeal Leases Retail Space To Supernatural Miami At 777 Northeast 79th Street
777 Northeast 79th Street
$30
$30/SF
Building Size
5,177 SF
Asset Type
Retail
Closing
Jul 30, 2024
AI
This retail asset is located at 777 Northeast 79th Street in Miami, featuring a total square footage of 5,177. The asking rent for this property is set at $30 per square foot and is under a 10-year NNN lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30/ft
- Square Footage: 5,177
- Address: 777 Northeast 79th Street
- Market: Miami
- Landlord: Jake Waserstein - Jakeal
- Tenant: Supernatural Miami
- Brokers: Logan Gray - Canvas Real Estate; Jake Waserstein - Realty Hub
- Lease Term: 10 years
- Lease Type: NNN Lease
Jake Waserstein represents the landlord, while Logan Gray represents the tenant in this transaction. Both brokers play a crucial role in facilitating the lease agreement for the retail property.
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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93