ARC PE Acquires Mixed-use Property In Miami Beach For $5M
826 Collins Avenue, Miami Beach, Florida 33139, United States
$5,000,000
$500,000/SF
Building Size
10 SF
Asset Type
Mixed-use
Closing
Mar 1, 2023
About this deal
AI
The mixed-use property located at 826 Collins Avenue in Miami Beach has been sold for $5,000,000. The transaction took place on January 3, 2023, and the property spans a total area of 10,000 square feet. The price per square foot was $500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Buyer: ARC PE - David Gordon & John Olsen
- Seller: Shire Realty - Sami David & Rena Shulsky
- Buyer's Representative: Drew Kristol & Kirk Olson - Marcus & Millichap
- Seller's Representative: Allison Turk - Berkshire Hathaway/EWM Realty
- Address: 826 Collins Avenue, Miami Beach
- Market: Miami Beach
- Square Footage: 10,000
- Price per Square Foot: $500
Drew Kristol and Kirk Olson from Marcus & Millichap represented the buyer, ARC PE, in the transaction. On the other side, Allison Turk from Berkshire Hathaway/EWM Realty represented the seller, Shire Realty. The deal was successfully closed, facilitating the transfer of ownership of the mixed-use property.
Players
Miami Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Kirk Olson to view all their deals.
Browse Florida mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93