facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

959 West Avenue, Miami Beac...

Pura Vida Miami Leases Retail Space At 959 West Avenue In Miami Beach With Tenants Rep Daniel Wolf And Landlords Rep Daniela Swaebe
LEASEDRetail

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

Daniel Wolf

Broker

$5.4M

vol

3 deals

Broker
GP
Gumenick PropertiesLandlord
Omer Horev

Omer Horev

Pura Vida Miami

Tenant

7 deals

Tenant

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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