Delorean Holdings Acquires Retail Condo In Edgewater For $15.45M
295 Northeast 18th Street, Edgewater, Miami, FL, USA
$15,450,000
$771/SF
Building Size
20,036 SF
Asset Type
Mixed-use
Closing
Mar 23, 2020
About this deal
AI
A retail condo located at 295 18th Street in Edgewater has recently been sold for $15,450,000. Spanning across 20,036 square feet, the property was purchased by Delorean Holdings LLC, represented by Daniel Serber, while it was sold by Biscayne Plaza II LLC, represented by Javier Cervera.
Summary of transation details
- Property Type: Retail condo
- Transaction Amount: $15,450,000
Daniel Serber of Delorean Holdings LLC played a key role as the buyer's representative in this transaction, while Javier Cervera represented the seller, Biscayne Plaza II LLC.
On the Map
$15,450,000
$771/SF
Mixed-use
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Players
Miami 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
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93