Carlos Cain - Marcus & Millichap Sells Medical Facility In Islamorada For $1.3M
87801 Overseas Highway, Islamorada, Florida 33036, United States
$1,330,434
$335/SF
Building Size
3,965 SF
Asset Type
Other
Closing
May 11, 2022
AI
A medical facility located at 87801 Overseas Highway in Islamorada has been sold. The property spans 3,965 square feet and was sold for $1,330,434, resulting in a price per square foot of $336. The sale was facilitated by Carlos Cain of Marcus & Millichap.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $1,330,434
- Address: 87801 Overseas Highway, Islamorada
- Market: Islamorada
- Square Footage: 3,965
Carlos Cain from Marcus & Millichap represented the buyer and seller in this transaction.
Players
Islamorada 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
11.92%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93