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1601 Southwest 107th Avenue

David Eyzenberg Secures $23.5M Refinance Loan For Retail Property In Miami
FINANCEDRetail

David Eyzenberg Secures $23.5M Refinance Loan For Retail Property In Miami

1601 Southwest 107th Avenue & 1615 Southwest 107th Avenue

$23,500,000

$80/SF

Building Size

293,530 SF

Asset Type

Retail

Closing

Feb 5, 2024

AI

The property involved in this transaction is a retail asset located at 1601-1615 Southwest 107th Avenue in Miami. The property spans across a total square footage of 146,765. The loan provider for this transaction is Starwood Mortgage Capital, who provided a refinance loan of $23,500,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $23,500,000
  • Address: 1601-1615 Southwest 107th Avenue
  • Market: Miami

David Eyzenberg from Eyzenberg & Company represented the landlord in this deal.

Note: To read about the challenges and structured solutions for this transaction, please visit our case study page: https://eyzenberg.com/case-studies/

Players

David Eyzenberg

Eyzenberg & Company

Broker

$99.3M

vol

5 deals

Broker
Starwood Capital Group
Starwood Capital GroupLender

Miami Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93