LEASEDRetail
Craig Robins Of DACRA Leases Retail Space To Carolina Herrera In Miami
127 Northeast 41st Street
Building Size
3,000 SF
Asset Type
Retail
Closing
Aug 18, 2026
About this deal
AI
The property asset involved in this transaction is a retail space measuring 3,000 square feet located at 127 Northeast 41st Street, Miami, FL. The lease was executed on August 15, 2026. Carolina Herrera has opened a flagship boutique in this space as part of its expansion in the U.S. market. The location falls within Miami’s Design District.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 127 Northeast 41st Street
- Market: Miami, FL
- Landlord: Craig Robins - DACRA
- Tenant: Carolina Herrera
The key individuals in this transaction include Craig Robins, representing DACRA as the landlord, and Carolina Herrera as the tenant. This boutique is significant as it marks the fashion house's sixth store in the U.S. and aligns with its 45th anniversary celebration. The boutique showcases the full Carolina Herrera collection and features interiors designed by Creative Director Wes Gordon in collaboration with various artists and designers.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93