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
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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