Forte Capital Management Leases Retail Space To Supreme At 45 Northeast 41st Street
45 Northeast 41st Street
Building Size
7,968 SF
Asset Type
Retail
Closing
Apr 9, 2025
About this deal
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.
On the Map
Retail
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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