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

Property Image
SOLD
$11,500,000
Pablo Camposano
Philip Gutman
Robert Rivani

Florida

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Retail12,000 SF
Sold
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Property Image
SOLD

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

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

See Similar Deals
Retail12,000 SF
Sold
Pablo Camposano
Philip Gutman
Robert Rivani
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$958
Total Square Footage:12000 SF
Transaction Type:Sale

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
Philip Gutman
3 deals$105M volume
BROKER
Pablo Camposano
Colliers
Pablo Camposano
3 deals$17.5M volume
BROKER
Brown Harris Stevens
Brown Harris Stevens
BROKERAGE
Robert Rivani
Black Lion
Robert Rivani
46 deals$461M volume
BUYER
TC
The Continuum Company
SELLER

Details

SOLD
IMAGE: Phil Gutman, Robert Rivani & Pablo Camposano DATE: 04/08/2022 ADDRESS: 200 South Pointe Dr MARKET: Miami Beach ASSET TYPE: Retail BUYER: Robert Rivani (@Robert_Rivani) - Black Lion SELLER: Bruce Ikner - The Continuum Company BUYER'S REP: Pablo Camposano - Colliers International (@ColliersInternational) SELLER'S REP: Phil Gutman (@Phil.Gutman) - PGutman, LLC SALE PRICE: $11,500,000 SF: 12,000 ~ PPSF: $958

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

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40