Biscayne Bay Brewing Co. Leases 9,916 Square Feet Of Retail Space In Miami From Miami Parking Authority
1588 Northwest 7th Street
Building Size
9,916 SF
Asset Type
Retail
Closing
Aug 13, 2026
AI
The transaction involves a retail asset comprising 9,916 square feet of space located at 1588 Northwest 7th Street in Miami, FL. The landlord for this property is the Miami Parking Authority. The retail space is situated within the parking garage at LoanDepot Park, where an existing brewery has been replaced by the new tenant's establishment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1588 Northwest 7th Street
- Market: Miami, FL
- Landlord: Miami Parking Authority
- Tenant: John J. Lennon - Biscayne Bay Brewing Co.
- Brokers: Claire Holash & Jeremy S. Larkin - NAI Miami | Fort Lauderdale
Claire Holash and Jeremy S. Larkin from NAI Miami | Fort Lauderdale represented the sublandlord, the Miami Parking Authority, in this leasing transaction, facilitating the agreement for Biscayne Bay Brewing Co.
Players
Saint Maries 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