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
About this deal
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.
On the Map
$13,000,000
$1,215/SF
Retail
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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