A&D Group Realty Sells Retail Space In Miami Beach For $4.5M
SOLD
$4,500,000
+ 4
Florida
See Similar DealsRetail13,992 SF
Sold 01/21/2022
SOLD
A&D Group Realty Sells Retail Space In Miami Beach For $4.5M
1 Collins Avenue, Miami Beach, Florida 33139, United States
See Similar DealsRetail13,992 SF
Sold 01/21/2022
+ 4
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$321
Total Square Footage:13,992 SF
Transaction Type:Sale
A retail property located at 1 Collins Avenue CU3 in Miami Beach has been sold for $4,500,000. The sale took place on 01/21/2022. The property spans across 2,324 square feet and has a price per square foot of $1,936. The seller's representatives in the deal were Americo D`Agostini and Domenico Albano from A&D Group Realty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 1 Collins Avenue CU3, Miami Beach
- Market: Miami Beach
- Square Footage: 2,324
- Price per Square Foot: $1,936
The sale of this retail property showcases a successful transaction in Miami Beach. Americo D`Agostini and Domenico Albano, representing A&D Group Realty, played an integral role in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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