Jaime Garbisu Acquires Mixed-Use Property In Miami Beach For $12M
1452 Washington Avenue, Miami Beach, FL, USA
$12,000,000
$969/SF
Building Size
12,379 SF
Asset Type
Mixed-use
Closing
Feb 4, 2020
About this deal
AI
The mixed-use property located at 1452 Washington Avenue in Miami Beach has been sold. The property consists of both retail and office spaces. The transaction took place on February 5, 2020.
Summary of transaction details
- Property Type: Mixed-use (retail & office)
- Transaction Amount: $12,000,000
- Address: 1452 Washington Avenue
- Market: Miami Beach
The buyer of the property is Jaime Garbisu, while the seller is Barry Fishman.
The property has a total area of 12,379 square feet and was sold for a price per square foot of $969.
Players
Miami Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93