Black Lion Acquires Retail Property In Brickell, Miami For $13.5M | 8 Southeast 8th Street | Sebastian Faerman, Fabio Faerman | Retail | Sale

Summary

Sale

FLORIDA

Retail

11,412 sqft

The recently closed property transaction in Brickell, Miami involved the sale of a retail asset located at 8 SE 8th St. The property, spanning approximately 11,412 square feet, was sold for a total price of $13,500,000, resulting in a price per square foot of $1,183. The buyer of the property was Black Lion, represented by Robert Rivani, the president of the firm. The seller of the property was Related Group. The transaction was facilitated by Fabio Faerman and Sebastian Faerman from FA Commercial, who acted as the brokers for the deal.

Summary of Transaction Details

Property Type: Retail
Sale Price: $13,500,000
Square Footage: 11,412
Price Per Square Foot: $1,183
Date: 07/02/2021
Address: 8 SE 8th St
Market: Brickell, Miami

Black Lion, led by Robert Rivani, expressed excitement about being a part of Miami's growth story. The company aims to contribute to Miami's thriving dining and nightlife scene by bringing world-class food and beverage offerings to the city. Rivani mentioned that post-pandemic, people are increasingly seeking out hospitality experiences that cannot be recreated at home, and Miami's year-round residents and visitors are expected to continue enjoying the unique atmosphere of the city. Black Lion plans to invest additional capital of $50-100 million in South Florida, including its recent investments of $38 million in Miami, which include the Katsuya restaurant, Wynwood Arcade, and Amara at Paraiso.

Players

All
3

Agents
2
Agencies
1

$226.1M Sold

$257.5M Sold

Details

Deal Summary

SOLD

IMAGE: Robert Rivani DATE: 07/02/2021 ADDRESS: 8 SE 8th St MARKET: Brickell, Miami ASSET TYPE: Retail BUYER: Black Lion - Robert Rivani (@Robert_Rivani) SELLER: Related Group (@Related_Group) BROKERS: Fabio Faerman & Sebastian Faerman - FA Commercial (@FACommercial) SALE PRICE: $13,500,000 SF: 11,412 ~ PPSF: $1,183 NOTE: “Miami, and Brickell in particular, is on a trajectory to evolve into the Manhattan of the Southern United States. Black Lion is thrilled to be part of Miami’s growth story by bringing even more world-class food and beverage offerings to Miami’s already thriving dining and nightlife scene,” said the firm’s president, Robert Rivani. “We’re exuberant about redeveloping this prized restaurant space in one of the hottest markets in the country.” Mr. Rivani continued, “When you examine what people are most willing to get out of the house and spend time and money on post-pandemic, it’s largely the hospitality experiences that simply cannot be recreated at home. We’re betting on Miami’s year-round residents and visitors continuing that trend indefinitely, enjoying the unique atmosphere of this cosmopolitan city throughout the year. We’re working to identify the restaurant concept that best complements Brickell’s vibrant, electrifying spirit, whether that’s a flagship location of an existing high-end brand or an entirely new chef-driven vision.” Black Lion plans to deploy $50-100 million in additional capital in South Florida in the coming months in addition to its investments of $38 million in Miami over the past sixty days, including the Katsuya restaurant, Wynwood Arcade, and Amara at Paraiso.

View on map

Address8 Southeast 8th Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want