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
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