facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Lease

/

1691 Michigan Avenue

Daymond John Leases 3000 SF Office Space At The Rivani Building In Miami Beach
LEASEDOffice

Daymond John Leases 3000 SF Office Space At The Rivani Building In Miami Beach

1691 Michigan Avenue

Building Size

3,000 SF

Asset Type

Office

Closing

Mar 31, 2026

AI

The property involved in the transaction is an office space of 3,000 square feet located at 1691 Michigan Avenue in Miami Beach. The property is part of a larger mixed-use development, The Rivani building, which totals 163,000 square feet and is currently undergoing a significant renovation valued at over $100 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1691 Michigan Avenue
  • Market: Miami Beach
  • Landlord: Robert Rivani - Black Lion
  • Tenant: Daymond John

In this transaction, Daymond John, known for his entrepreneurial ventures, has secured a lease for the office space. The leasing activity is taking place as the South Beach property attracts various tenants, including notable firms like PLBY Group, indicating ongoing expansion in the South Florida market.

Players

Robert Rivani

Black Lion

Landlord

$512M

vol

53 deals

Landlord

Daymond John

Tenant

1 deal

Tenant

Miami Beach Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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