Robert Rivani Purchases Retail Asset In Miami Beach For $37M From Savitar Realty Advisors
SOLD
$37,000,000
+ 4
Florida
See Similar DealsRetail35,240 SF
Sold 08/22/2025
SOLD
Robert Rivani Purchases Retail Asset In Miami Beach For $37M From Savitar Realty Advisors
551 Lincoln Road
See Similar DealsRetail35,240 SF
Sold 08/22/2025
+ 4
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,049
Total Square Footage:35,240 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 551 Lincoln Road in the Miami Beach market. This retail asset spans 35,240 square feet and has a sale price of $37,000,000, which translates to a price per square foot of $1,049.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37,000,000
- Address: 551 Lincoln Road
- Market: Miami Beach
- Square Footage: 35,240
- Price Per Square Foot: $1,049
- Buyer: Robert Rivani - Rivani
- Seller: Savitar Realty Advisors
- Broker Representatives: Danny Finkle, Jorge Portela, Zach Winkler, Evan Lahr, Kim Flores & Jacob Wise - JLL
The deal features Robert Rivani as the buyer representing Rivani and Savitar Realty Advisors as the seller. The transaction was facilitated by a team of brokers from JLL, showcasing a collaborative effort in managing the property sale.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,973,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52
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