200 Collins LLC Acquires Mixed-Use Property In Miami Beach For $6M
200-212 Collins Avenue, Miami Beach, FL, USA
$6,000,000
$461/SF
Building Size
13,000 SF
Asset Type
Mixed-use
Closing
Dec 8, 2020
About this deal
AI
A mixed-use property located at 200-212 Collins Avenue in Miami Beach has recently been sold in a transaction. The property, spanning 13,000 square feet, was sold by Paul C. Lardi and Lisa Lardi. The buyer, 200 Collins LLC, acquired the property for a total price of $6,000,000. This amounts to a price per square foot of $462. The property consists of 21 units, with each unit being valued at $285,714.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 200-212 Collins Avenue, Miami Beach
- Market: Miami Beach
- Square Footage: 13,000
- Units: 21
- Price per Square Foot: $462
- Buyer: 200 Collins LLC
- Seller: Paul C. Lardi and Lisa Lardi
- Buyer's Representative: Roy Benmeir - One Sotheby’s International Realty & Or Shai - Flex Capital Group
- Seller's Representative: Alex Zylberglait - Marcus & Millichap
The buyer was represented by Roy Benmeir from One Sotheby’s International Realty and Or Shai from Flex Capital Group. On the other hand, the seller was represented by Alex Zylberglait from Marcus & Millichap. These individuals and companies played key roles in the transaction, facilitating the deal between the buyer and seller.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93