A&D Group Realty Sells Retail Space In Miami Beach For $4.5M
1 Collins Avenue, Miami Beach, Florida 33139, United States
$4,500,000
$321/SF
Building Size
13,992 SF
Asset Type
Retail
Closing
Jan 20, 2022
AI
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.
Players
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93