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1 Collins Avenue

Robert Rivani Of Blacklion Leases Retail Space To Ockap At One Ocean Miami Beach
LEASEDRetail

Robert Rivani Of Blacklion Leases Retail Space To Ockap At One Ocean Miami Beach

1 Collins Avenue

$140

$140/SF

Building Size

3,160 SF

Asset Type

Retail

Closing

Jul 15, 2025

AI

The property involved in this transaction is a 3,160 SF retail space located at 1 Collins Avenue, Miami Beach. It is part of the One Ocean retail space and is leased at an asking rent of $175 per square foot. The lease type is a NNN lease, and the landlord for this transaction is Robert Rivani, representing Blacklion.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $175/ft
  • Address: 1 Collins Avenue
  • Market: Miami Beach
  • Tenant: Ockap
  • Landlord: Robert Rivani - Blacklion
  • Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
  • Square Footage: 3,160
  • Lease Type: NNN Lease

FA Commercial acted on behalf of the ownership, Blacklion, in this lease signing. Ockap Caviar will occupy the east corner unit facing both Catch and the former Nikki Beach. Additionally, there remains a vacant unit of 8,100 SF available for lease, offering a potential flagship restaurant space in the prominent South of 5th area.

Players

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker
FA Commercial
FA Commercial Brokerage
Robert Rivani

Robert Rivani

Landlord

$512M

vol

53 deals

Landlord

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

113307.14%

Cash-on-Cash

-32383.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93