Carlos Cain - Marcus & Millichap Sells Medical Facility In Islamorada For $1.3M
SOLD
$1,330,434
Florida
See Similar DealsOther3,965 SF
Sold 05/12/2022
SOLD
Carlos Cain - Marcus & Millichap Sells Medical Facility In Islamorada For $1.3M
87801 Overseas Highway, Islamorada, Florida 33036, United States
See Similar DealsOther3,965 SF
Sold 05/12/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$335
Total Square Footage:3,965 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,956.49
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,726.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,306.94
Annual Debt Service$75,683.23
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