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801 South Pointe Drive, Mia...

Updated Feb 21, 2025

Black Lion Acquires Retail Property On South Pointe Dr, Miami Beach For $19M
SOLD

Black Lion Acquires Retail Property On South Pointe Dr, Miami Beach For $19M

801 South Pointe Drive, Miami Beach, Florida 33139, United States

$19,000,000

$10,970/SF

Building Size

1,732 SF

Asset Type

—

Closing

Dec 17, 2021

About this deal

AI

Black Lion, led by Robert Rivani, has expanded its presence in Miami Beach's vibrant SoFi neighborhood with the acquisition of a retail property located at 801 South Pointe Dr. The property was sold by Related Group in a transaction facilitated by Fabio Faerman and Sebastian Faerman of FA Commercial. The sale price for the property was $19,000,000, with a total area of 19,100 square feet, resulting in a price per square foot of $995.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $19,000,000
  • Address: 801 South Pointe Dr
  • Market: Miami Beach
  • Buyer: Robert Rivani
  • Seller: Related Group
  • Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
  • Square footage: 19,100
  • Price per square foot: $995

This acquisition aligns with Black Lion's strategy to enhance the restaurant scene in Miami Beach. Robert Rivani, president of Black Lion, commented on their vision for the investment in the property, stating, "Our objective is to invite more fine dining restaurants to this culinary and cultural mecca, further elevating Miami's reputation on a global scale. We have multiple world-renowned food and beverage concepts in the works and anticipate attracting both international and domestic visitors to the vibrancy of this burgeoning market."

On the Map

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$19,000,000

$10,970/SF

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Players

Fabio Faerman

FA Commercial

Broker

$277.4M

vol

66 deals

Broker
Fortune International Realty
Fortune International RealtyBrokerage
Robert Rivani

Robert Rivani

Black Lion

Buyer

$709.8M

vol

57 deals

Buyer
Related Group
Related GroupSeller
Related Group
Related GroupLender
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Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $11K per square foot on a published $19M for 1,732 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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