Robert Rivani's Blacklion Acquires SLS Brickell Retail In Miami For $10M
1300 S Miami Ave Miami, FL 33130, USA
$10,000,000
$726/SF
Building Size
13,769 SF
Asset Type
Retail
Closing
Mar 25, 2023
About this deal
AI
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.
On the Map
$10,000,000
$726/SF
Retail
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Players
Miami 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