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Pura Vida Miami Leases Reta...

Pura Vida Miami Leases Retail Space At 439 North Beverly Drive In Beverly Hills
SOLD

Pura Vida Miami Leases Retail Space At 439 North Beverly Drive In Beverly Hills

Building Size

Asset Type

Closing

Apr 17, 2025

AI

The property asset involved in this transaction is located at 439 North Beverly Drive in Beverly Hills. It is a retail space encompassing a gross floor area of 2,789 square feet and includes a mezzanine of 550 square feet. Pura Vida Miami will be opening at this address, taking over from The Farm of Beverly Hills.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 439 North Beverly Drive
  • Market: Beverly Hills
  • Gross Floor Area: 2,789 SF
  • Mezzanine Area: 550 SF
  • Tenant: Omer Horev & Rob Marona - Pura Vida Miami
  • Brokers: Jay Luchs & Carly Geller - Newmark

The key individuals involved in this transaction include Omer Horev and Rob Marona as the tenants representing Pura Vida Miami. The brokerage team consists of Jay Luchs and Carly Geller from Newmark, facilitating the lease agreement. Pura Vida is set to expand its operations to the West Coast following successful establishments with 31 locations in Miami and 3 in New York.

Players

Carly Geller

Newmark

Broker

10 deals

Broker
Omer Horev

Omer Horev

Pura Vida Miami

Tenant

7 deals

Tenant
Pura Vida Miami
Pura Vida MiamiTenant

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