Delilah Restaurant Leases Mixed-use Space In Brickell, Miami From Landlord Robert Rivani - Black Lion Investments
801 Brickell Bay Drive, Downtown Miami, Miami, FL, USA
Building Size
10,716 SF
Asset Type
Mixed-use
Closing
Jul 1, 2021
About this deal
AI
The mixed-use property located at 801 Brickell Bay Dr in Brickell, Miami has recently been leased. The transaction took place on 07/01/2021.
Summary of transaction details:
- Property Type: Mixed-use
- Tenant: Delilah Restaurant
- Landlord: Robert Rivani - Black Lion Investments
- Brokers: Reid Heidenry - Sotheby's International Realty; Jeremy Hakala - Newmark Grubb Knight Frank
- Asking Rent: $100/ft.
- SF: 10,716
The leased property at 801 Brickell Bay Dr is now home to Delilah Restaurant. The landlord for this transaction is Robert Rivani, representing Black Lion Investments. The brokers involved in the deal were Reid Heidenry from Sotheby's International Realty and Jeremy Hakala from Newmark Grubb Knight Frank.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease 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