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1200 Washington Avenue

Ryan Manoocheri Acquires 30,874 SF Retail Property At 1200 Washington Avenue For $10M
SOLDRetail

Ryan Manoocheri Acquires 30,874 SF Retail Property At 1200 Washington Avenue For $10M

1200 Washington Avenue

$10,000,000

$323/SF

Building Size

30,874 SF

Asset Type

Retail

Closing

Jul 31, 2026

AI

The retail property at 1200 Washington Avenue is located in the vibrant Miami Beach market. It spans 30,874 square feet and occupies approximately 0.44 acres. The sale price for the property reached $10,000,000, resulting in a price per square foot of $323.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,000,000
  • Address: 1200 Washington Avenue
  • Market: Miami Beach
  • Buyer: Ryan Manoocheri
  • Seller: Frank Meyer-Schuchardt - FMS South Beach
  • Buyer's Representative: Joshua Rosa - APEX Capital Realty
  • Seller's Representative: Adriano Salucci - APEX Capital Realty
  • Square Footage: 30,874 SF
  • Price Per Square Foot: $323

APEX Capital Realty played a crucial role in the successful transaction, with Vice President Adriano Salucci representing the seller and demonstrating effective marketing strategies. The firm’s collaborative approach was evident in the connection made with Buyer's Representative Joshua Rosa, leading to this successful transaction. Richard Rosa, P.A. was highlighted for his work as the buyer's counsel, title agent, and closing agent.

Players

Adriano Salucci

APEX Capital Realty

Broker

$131.6M

vol

30 deals

Broker

Ryan Manooncheri

Buyer

$10M

vol

1 deal

Buyer

Frank Meyer-Schuchardt

FMS South Beach

Seller

$10M

vol

1 deal

Seller

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93