Activate Hospitality & Integra Investments Acquire Miami Beach Package Deal For $15M
SOLD
$15,000,000
Florida
See Similar DealsOther379 SF
Sold 11/02/2020
SOLD
Activate Hospitality & Integra Investments Acquire Miami Beach Package Deal For $15M
6060 Indian Creek Dr, Miami Beach, FL 33140, Estados Unidos
See Similar DealsOther379 SF
Sold 11/02/2020
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$39,577
Total Square Footage:379 SF
Transaction Type:Sale
The property involved in this transaction is located at 6060 Indian Creek in Miami Beach. The package deal was completed on 11/02/2020, with Activate Hospitality & Integra Investments as the buyers and Schecher Group as the seller. The deal was facilitated by brokers Marilina Apfelbaum & Samuel Heskiel. The sale price for this transaction was $15,000,000, and the property consists of 87 units.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $15,000,000
- Buyer: Activate Hospitality & Integra Investments
- Seller: Schecher Group
- Brokers: Marilina Apfelbaum & Samuel Heskiel
- Units: 87
- Price Per Unit: $172,000
As per the note from the broker, Marilina Apfelbaum & Samuel Heskiel are Off Market Specialists for this transaction. For more information, you can contact Sam at 786-451-4484.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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