Omer Horev & Rob Marona Of Pura Vida Miami Lease Retail Space On West Sunset Boulevard
8720 W Sunset
Building Size
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Asset Type
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Closing
Apr 29, 2025
AI
The property involved in this transaction is located at 8720 West Sunset Boulevard in West Hollywood. It is a retail asset with a total square footage of 6,052, which includes 4,147 square feet of ground floor space, an outdoor patio, and a 913 square foot basement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8720 West Sunset Boulevard
- Market: West Hollywood
- Square Footage: 6,052 (GF 4,147 SF, outdoor patio, 913 SF basement)
- Tenant: Omer Horev & Rob Marona - Pura Vida Miami
- Brokers: Jay Luchs & Carly Geller - Newmark
Omer Horev and Rob Marona, representing Pura Vida Miami, are set to open their third LA location in the space previously occupied by Tocaya, just one block away from the newly opened Skims. Jay Luchs and Carly Geller from Newmark represented both the tenant and landlord in this transaction.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale 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