Jill Hertzberg Of Jills Zeder Group Leases 8000 Square Feet Office In Miami Beach From Robert Rivani
1691 Michigan Avenue
Building Size
8,000 SF
Asset Type
Office
Closing
Mar 16, 2026
AI
The property involved in this transaction is an office asset located at 1691 Michigan Avenue, Miami Beach. It encompasses a total of 8,000 square feet and is part of a larger building that spans 163,000 square feet, with 80% currently leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1691 Michigan Avenue
- Market: Miami Beach
- Landlord: Robert Rivani - Black Lion
- Tenant: Jill Hertzberg - Jills Zeder Group
Jills Zeder Group, which is affiliated with Coldwell Banker Realty, has leased the office space, relocating from its previous address at 1682 Jefferson Avenue. This move marks a consolidation of Coldwell Banker’s presence in South Beach.
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · 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