955 Alton Road MIA LLC Acquires Mixed-Use Property In South Beach For $9.25M
955 Alton Rd, Miami Beach, FL 33139, USA
$9,250,000
$562/SF
Building Size
16,441 SF
Asset Type
Mixed-use
Closing
May 10, 2020
AI
Located at 955 Alton Road in South Beach, this mixed-use property has been sold in a closed transaction. The property spans a total of 16,441 square feet and is characterized by its prime location.
Summary of transation details
- Property Type: Mixed use
- Transaction Amount: $9,250,000
- Price per Square Foot: $562
- Address: 955 Alton Road
- Market: South Beach
The buyer, 955 Alton Road MIA LLC, has acquired the property. The seller, Hibiscus Alton Inc represented by Jimmy Resnick, completed the transaction. The sale price of $9,250,000 reflects a price per square foot of $562.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93