Pura Vida Miami Leases Retail Space At 439 North Beverly Drive In Beverly Hills
Building Size
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Asset Type
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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
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