John Terzian And Brian Toll Of The H.wood Group Lease Retail Space From Robert Rivani In Miami Beach
1691 Michigan Avenue
Building Size
2,000 SF
Asset Type
Retail
Closing
Nov 14, 2025
AI
The property asset involved in this transaction is located at 1691 Michigan Avenue in Miami Beach. The asset type is retail, encompassing a total of 2,000 square feet. The transaction centers around a lease agreement for this space within Robert Rivani’s office building.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1691 Michigan Avenue
- Market: Miami Beach
- Lease Term: 10-year
- Landlord: Robert Rivani - Black Lion
- Tenant: John Terzian & Brian Toll - The H.wood Group
The lease agreement enables the H.wood Group to establish a Japanese-style cocktail lounge at the specified location, with plans for opening set for this summer. This addition contributes to the H.wood Group's expanding presence in Miami, complementing their operation at Delilah Brickell and an upcoming Nice Guy establishment near Lincoln Road.
Players
Miami Beach 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