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1300 South Miami Avenue Mia...

Updated Feb 21, 2025

Black Lion's Robert Rivani Leases 13,634 SF Retail Space To RosaNegra In Brickell, Miami
LEASEDRetail

Black Lion's Robert Rivani Leases 13,634 SF Retail Space To RosaNegra In Brickell, Miami

1300 South Miami Avenue Miami, Florida 33130, USA

Building Size

13,634 SF

Asset Type

Retail

Closing

Aug 16, 2023

About this deal

AI

The Black Lion, represented by Robert Rivani, has signed a 10-year lease agreement with RosaNegra for their debut U.S. location in Miami's SLS Brickell. The retail space, located at 1300 South Miami Avenue, spans 13,634 square feet and will serve as RosaNegra's flagship U.S. outpost and sixth global location. As a fusion of Latin American cuisine and entertainment, RosaNegra promises an immersive experience for its patrons.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1300 South Miami Avenue
  • Market: Brickell, Miami
  • Landlord: Black Lion - Robert Rivani
  • Tenant: RosaNegra
  • Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
  • Lease Terms: 10-year

Fabio Faerman and Sebastian Faerman from FA Commercial acted as brokers in facilitating the agreement between Robert Rivani's Black Lion and RosaNegra. This collaboration between the landlord and tenant marks the introduction of RosaNegra's Mexican-based entertainment restaurant to the U.S. market, enhancing the vibrant dining scene in the Brickell neighborhood.

Players

Fabio Faerman

FA Commercial

Broker

$274.6M

vol

65 deals

Broker
Robert Rivani

Robert Rivani

Black Lion

Landlord

$573M

vol

55 deals

Landlord
R
RosanegraTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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