Forte Capital Management Leases Retail Space To Supreme At 45 Northeast 41st Street
45 Northeast 41st Street
$250
$250/SF
Building Size
7,968 SF
Asset Type
Retail
Closing
Apr 9, 2025
AI
The retail lease transaction involves a property located at 45 Northeast 41st Street in the Miami market. The asset type is retail, featuring a total square footage of 7,968. The asking rent for this property is set at $250 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $250/ft
- Address: 45 Northeast 41st Street
- Market: Miami
- Landlord: Forte Capital Management
- Tenant: Supreme
- Landlord's Rep: David Abrams, Jeff Jacobson & Eliot Goldschmidt - Masonre
- Tenant's Rep: Frank Begrowwicz & Jason Greenstone - Cushman & Wakefield
- Lease Type: Retail Lease
Key individuals in this transaction include representatives from both sides: the landlord's team includes David Abrams, Jeff Jacobson, and Eliot Goldschmidt, while the tenant's side is represented by Frank Begrowwicz and Jason Greenstone. Their involvement played a significant role in facilitating this lease agreement.
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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93