facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Commercial

/

Sale

/

1349 Dade Boulevard, Miami ...

Beach Towing Acquires Commercial Property In Miami Beach For $6.5M
SOLDCommercial

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

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.

Players

Mika Mattingly

Colliers

Broker

$528.8M

vol

34 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Festa Family

Trust

Seller

$9.7M

vol

2 deals

Seller

Miami Beach Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

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