Activate Hospitality & Integra Investments Acquire Miami Beach Package Deal For $15M
6060 Indian Creek Dr, Miami Beach, FL 33140, Estados Unidos
$15,000,000
$39,577/SF
Building Size
379 SF
Asset Type
Other
Closing
Nov 1, 2020
About this deal
AI
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.
On the Map
$15,000,000
$39,577/SF
Other
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Players
Miami Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93