Pura Vida Miami Leases Retail Space At 959 West Avenue In Miami Beach With Tenants Rep Daniel Wolf And Landlords Rep Daniela Swaebe
959 West Avenue, Miami Beach, FL, USA
Building Size
3,653 SF
Asset Type
Retail
Closing
Dec 7, 2020
AI
A retail property located at 959 West Avenue in Miami Beach has been leased. The property, spanning 3,653 square feet, was leased by Pura Vida Miami. The tenants, Omer Horev and Jennifer Horev, will be operating their business at this location. The lease was facilitated by the landlord, Gumenick Properties.
Summary of transaction details:
- Property Type: Retail
- Address: 959 West Avenue, Miami Beach
- Tenant: Pura Vida Miami (Omer Horev & Jennifer Horev)
- Landlord: Gumenick Properties
Representing the tenant, Pura Vida Miami, was Daniel Wolf from Buyers Realty LLC. Daniela Swaebe from Comras Company acted as the landlord's representative in this lease deal. The asking rent for the property was $60 per square foot.
Players
Miami Beach 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