Rodrigo Gomez Leases Retail Space At 277 Evernia Street To Emigrant Bank In West Palm Beach
277 Evernia Street
$70
$70/SF
Building Size
1,821 SF
Asset Type
Retail
Closing
Sep 11, 2025
AI
This retail space is a 1,821 square foot unit located at 277 Evernia Street in West Palm Beach. The property is leased at an asking rent of $70 per square foot under a NNN lease structure. The location is within The Strand, a premier highrise positioned for excellent visibility at the intersection of Evernia Street and Olive Avenue, featuring expansive glass frontage and handicap accessibility, along with onsite parking.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Square Footage: 1,821
- Address: 277 Evernia Street
- Market: West Palm Beach
- Landlord: Rodrigo Gomez
- Tenant: Emigrant Bank
- Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
- Lease Type: NNN Lease
The lease transaction was facilitated by brokers Fabio Faerman and Sebastian Faerman, representing FA Commercial. They played a significant role in securing this lease for Emigrant Bank, an established financial institution. The location benefits from proximity to prominent areas such as Clematis Street, The Square, and the Intracoastal Waterway, positioning Emigrant Bank for potential growth in the vibrant Downtown West Palm Beach area.
Players
West Palm Beach 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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93