Black Lion Investment Group Sells Retail Property In Miami For $7.9M
1000 Biscayne Blvd Miami, FL 33132, USA
$7,900,000
$1,215/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Jun 5, 2023
About this deal
AI
The retail property located at 1000 Biscayne Boulevard in Miami has been sold in a closed transaction. The seller, Robert Rivani of Black Lion Investment Group, successfully closed the sale.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,900,000
- Square Footage: 6,500
- Price Per Square Foot: $1,125
- Market: Miami
Rober Rivani of Black Lion Investment Group represented the seller in this transaction, ensuring a smooth deal for both parties involved.
The retail sale at 1000 Biscayne Blvd Miami, FL 33132, USA in Miami, Florida sold for $7.9M in 2023. The building is 6,500 square feet, implying about 1.2K per square foot on the published price. Named participants on the 1000 Biscayne Blvd Miami, FL 33132, USA sale are Robert Rivani. This page is the Miami, Florida file for the 1000 Biscayne Blvd Miami, FL 33132, USA retail sold: pricing, party profiles, and other closed retail comps from the same Miami sit in the Market section below. Filter that Miami retail set by closing date to see what else sold near 1000 Biscayne Blvd Miami, FL 33132, USA around 2023. Published consideration for 1000 Biscayne Blvd Miami, FL 33132, USA is $7.9M, dated 2023. Cite this Black Lion Investment Group Sells Retail Property In Miami For $7.9M sale when underwriting similar retail product around Miami, Florida.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert Rivani to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93