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
About this deal
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.
On the Map
$216,000,000
$1,077/SF
Retail
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Players
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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93