Updated Oct 28, 2024
Beach Towing Acquires Commercial Property In Miami Beach For $6.5M
1349 Dade Boulevard, Miami Beach, FL 33139, USA
$6,500,000
$362/SF
Building Size
17,936 SF
Asset Type
Commercial
Closing
Jul 30, 2020
About this deal
AI
Located at 1349 Dade Boulevard in Miami Beach, this commercial property was recently sold in a closed transaction. The property spans 2,600 square feet and sits on a lot measuring 17,932 square feet. The sale price for this transaction was $6,500,000.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $6,500,000
- Date: 07/30/2021
- Market: Miami Beach
Beach Towing acquired the property from the Festa Family Trust. The sale was facilitated by Mika Mattingly and Cecilia Estevez from Colliers, along with Eric A. Gonzalez from Roca Gonzalez, P.A. acting as the seller's representatives.
On the Map
$6,500,000
$362/SF
Commercial
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Players
Miami Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93