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
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