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200 South Pointe Drive, Mia...

Robert Rivani Acquires Retail Property In Miami Beach For $11.5M
SOLDRetail

Robert Rivani Acquires Retail Property In Miami Beach For $11.5M

200 South Pointe Drive, Miami Beach, Florida 33139, United States

$11,500,000

$958/SF

Building Size

12,000 SF

Asset Type

Retail

Closing

Apr 7, 2022

AI

The retail property located at 200 South Pointe Dr in Miami Beach has been sold for $11,500,000. The property spans 12,000 square feet, resulting in a price per square foot of $958. The sale took place on April 8, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,500,000
  • Address: 200 South Pointe Dr, Miami Beach
  • Square Footage: 12,000
  • Price per Square Foot: $958

The buyer of the property was Robert Rivani, represented by Pablo Camposano of Colliers International. The seller was Bruce Ikner of The Continuum Company, represented by Phil Gutman of PGutman, LLC.

Players

Philip Gutman

Pgutman

Broker

$105M

vol

3 deals

Broker
Brown Harris Stevens
Brown Harris StevensBrokerage
Robert Rivani

Robert Rivani

Black Lion

Buyer

$512M

vol

53 deals

Buyer

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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93