Triarch Capital Group Secures $7M Loan For Retail Property At 19905-19925 Biscayne Blvd In Aventura
19905 Biscayne Blvd, Aventura, FL 33180, USA
$7,000,000
$89/SF
Building Size
78,486 SF
Asset Type
Retail
Closing
Jul 7, 2020
AI
The retail property located at 19905-19925 Biscayne Blvd in Aventura has recently been involved in a closed property transaction. The property spans over 78,486 square feet and is owned by Triarch Capital Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
The loan for this transaction was provided by Correspondent Life Insurance Co. The loan amount was $7,000,000 with a term of 10 years.
The brokers involved in this deal were Paul Ahmed and Mackenzie Fry from CBRE.
Players
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93