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801 Brickell Bay Drive

Anav Investments Acquires Retail Property In Brickell, Miami For $13M
SOLDRetail

Anav Investments Acquires Retail Property In Brickell, Miami For $13M

801 Brickell Bay Drive

$13,000,000

$1,215/SF

Building Size

10,700 SF

Asset Type

Retail

Closing

Jun 1, 2022

AI

Anav Investments, represented by Brian Anav, has acquired a retail property located at 801 Brickell Bay Drive in Brickell, Miami. The property spans 10,700 square feet and was sold by Black Lion Investment Group, represented by Robert Rivani. The transaction closed on June 2, 2022, for a total sale price of $13,000,000, resulting in a price per square foot of $1,215.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,000,000
  • Address: 801 Brickell Bay Drive
  • Market: Brickell, Miami
  • Buyer: Anav Investments - Brian Anav
  • Seller: Black Lion Investment Group - Robert Rivani
  • Square Footage: 10,700
  • Price per Square Foot: $1,215

Brian Anav, representing Anav Investments, facilitated the purchase of the retail property from Robert Rivani, who acted on behalf of Black Lion Investment Group. This deal showcases the involvement of key individuals and companies in the transaction, highlighting their roles in the successful acquisition of the property.

Players

Brian Anav

Buyer

$23.3M

vol

5 deals

Buyer

Robert Rivani

Black Lion

Seller

$512M

vol

53 deals

Seller

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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93