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140 Northeast 39th Street

LEASEDRetail

Pietro Beccari Of Louis Vuitton Leases Retail Space At 140 Northeast 39th Street In Miami

140 Northeast 39th Street

Building Size

Asset Type

Retail

Closing

Jun 29, 2026

AI

The property involved in this transaction is a retail asset located at 140 Northeast 39th Street in Miami, FL. The asset accommodates a new temporary women's store for Louis Vuitton, which features various product lines including women's leather goods, ready-to-wear, shoes, watches, jewelry, fragrance, and travel collections. The space is designed with a multi-level, resort-inspired layout incorporating signature design elements alongside commissioned artworks.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenant: Pietro Beccari - Louis Vuitton
  • Market: Miami, FL

Pietro Beccari represents Louis Vuitton in this lease transaction. The notable collaboration reinforces the brand's presence within the luxury retail market in Miami, enhancing the overall retail landscape in the Miami Design District.

Players

LI
Louis Vuitton North America Inc.Tenant

Market 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