Black Lion secured a $38.25 million all-cash deal for two of Miami’s restaurant spaces. The assets are located within SLS Lux Brickell and Dua Miami Hotel (formerly SLS Brickell). The two properties were initially acquired for a combined $23.3 million.
The sale follows Black Lion’s January transaction of the CATCH Miami Beach property for $28.2 million.
The restaurant space at SLS Lux, located at 8 SE 8th Street, is and will remain leased by GEKKŌ. It spans approximately 8,000 square feet of interior space with an additional 3,000 square feet of outdoor dining. Dua Miami Hotel, at 1300 S. Miami Ave, is currently home to RosaNegra Miami (pictured) and includes 9,000 square feet of interior space and 4,600 square feet outdoors.
Black Lion was represented in the transaction by Fabio and Sebastian Faerman of FA Commercial, while the buyer was represented by Kevin Waissmann of Fortune Christie’s International Real Estate.
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