Black Lion Acquires Retail Property On Biscayne Blvd In Miami For $6.4M
1000 Biscayne Blvd Miami, FL 33132, USA
$6,400,000
$640/SF
Building Size
10,000 SF
Asset Type
Condo
Closing
Sep 20, 2022
About this deal
AI
The retail property located at 1000 Biscayne Blvd in Miami has been sold in a recent transaction. The property, spanning a total of 6,500 square feet, was sold for a price of $6,400,000, resulting in a price per square foot of $985. The transaction took place between the buyer, Black Lion represented by Robert Rivani, and the seller, One Thousand Museum.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,400,000
- Property Size: 6,500 square feet
- Price per Square Foot: $985
- Buyer: Black Lion - Robert Rivani
- Seller: One Thousand Museum
The buyer, Black Lion, was represented by Robert Rivani in the transaction. This sale represents a significant investment opportunity in the Miami market, offering a retail property with attractive characteristics and a favorable price per square foot. The involvement of key individuals and entities, such as Black Lion and One Thousand Museum, contributed to the successful completion of this transaction.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $640 per square foot on a published $6.4M for 10,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93