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Robert Rivani's Blacklion Acquires SLS Brickell Retail In Miami For $10M

Property Image
SOLD
$10,000,000
Andrew Dickey
Sebastian Faerman
Fabio Faerman
+ 1

Florida

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Retail13,769 SF
Sold 03/25/2023
the dealplayerscompscontact
Property Image
SOLD

Robert Rivani's Blacklion Acquires SLS Brickell Retail In Miami For $10M

1300 S Miami Ave Miami, FL 33130, USA

See Similar Deals
Retail13,769 SF
Sold 03/25/2023
Andrew Dickey
Sebastian Faerman
Fabio Faerman
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$726
Total Square Footage:13,769 SF
Transaction Type:Sale

The SLS Brickell Retail property located at 1300 South Miami Avenue in Miami has been sold in a transaction worth $10,000,000. Spanning across 8,403 square feet, the retail asset was sold at a rate of $1,190 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,000,000
  • Address: 1300 South Miami Avenue
  • Market: Miami

Robert Rivani from Blacklion acted as the buyer in the deal, while Fabio Faerman and Sebastian Faerman from Fortune International Realty represented him as the buyer's representatives. On the other side, Andrew Dickey from JLL and Jordan Karp from Jordan Karp LLC served as the seller's representatives.

Players

Fabio Faerman
FA Commercial
Fabio Faerman
63 deals$271.8M volume
BROKER
Sebastian Faerman
FA Commercial
Sebastian Faerman
60 deals$240.5M volume
BROKER
Andrew Dickey
JLL
Andrew Dickey
2 deals$36.6M volume
BROKER
Robert Rivani
Black Lion
Robert Rivani
52 deals$486M volume
BUYER

Details

SOLD
IMAGE: Andrew Dickey, Sebastian Faerman, Robert Rivani, Fabio Faerman & Jordan Karp DATE: 03/25/2023 ADDRESS: 1300 South Miami Avenue - SLS Brickell Retail MARKET: Miami ASSET TYPE: Retail BUYER: Robert Rivani (@Robert_Rivani) - Blacklion BUYER'S REP: Fabio Faerman (@topcommercial) & Sebastian Faerman (@SebFaerman) - Fortune International Realty (@FortuneInternationalRealty) SELLER'S REP: Andrew Dickey - JLL (@JLL); Jordan Karp (@Jaykarp) - Jordan Karp LLC SALE PRICE: $10,000,000 SF: 8,403 ~ PPSF: $1,190

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22