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900 South Miami Avenue

RPT Realty Acquires Retail Property In Brickell For $216M With JLL's Danny Finkle, Chris Angelone, Eric Williams, Kim Flores, Cameron Beck & Michael Kavaler As Brokers
SOLDRetail

RPT Realty Acquires Retail Property In Brickell For $216M With JLL's Danny Finkle, Chris Angelone, Eric Williams, Kim Flores, Cameron Beck & Michael Kavaler As Brokers

900 South Miami Avenue

$216,000,000

$1,077/SF

Building Size

200,503 SF

Asset Type

Retail

Closing

Jul 7, 2022

AI

The retail property located at 900 S Miami Ave in Brickell has been sold in a closed transaction. The property spans 200,503 square feet and was sold for a price of $216,000,000, resulting in a price per square foot of $1,077. The transaction took place on July 7, 2022.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $216,000,000
  • Square Footage: 200,503
  • Price Per Square Foot: $1,077
  • Address: 900 S Miami Ave, Brickell

The buyer of the property was RPT Realty, while the sellers were Rockpoint Group and Ivanhoe Cambridge. The transaction was facilitated by the brokers Danny Finkle, Chris Angelone, Eric Williams, Kim Flores, Cameron Beck, and Michael Kavaler from JLL.

Players

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
RR
RPT RealtyBuyer
Rockpoint Group
Rockpoint GroupLender

Miami 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93