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
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93