Rosanegra Leases Flagship Retail Condo At 1300 South Miami Avenue In Miami | Fabio Faerman & Sebastian Faerman - FA Commercial
1300 S Miami Ave Miami, FL 33130, USA
$150
$150/SF
Building Size
13,769 SF
Asset Type
Retail
Closing
Mar 25, 2023
About this deal
AI
A flagship restaurant lease has been secured at 1300 South Miami Avenue in Miami. The retail property, spanning 13,769 square feet, was leased by Rosanegra, a group from Mexico. The lease was facilitated by Fabio Faerman and Sebastian Faerman of FA Commercial, representing both the landlord, Blacklion Robert Rivani, and the tenant, Rosanegra.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1300 South Miami Avenue
- Market: Miami
- Tenant: Rosanegra
- Landlord: Blacklion Robert Rivani
- Brokers: Fabio Faerman and Sebastian Faerman - FA Commercial
- Asking Rent: $150/ft.
- Square Footage: 13,769
FA Commercial is excited to announce this flagship restaurant lease, which comes shortly after assisting Blacklion with the purchase of the property. This transaction adds to their extensive portfolio in the Brickell market and highlights their expertise in retail condos and high-end restaurants. For more retail or restaurant deals, visit facommercial.com.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93