Azora Exan Acquires Retail Property In Miami Beach For $16M
1000 17th St Miami Beach, FL 33139, USA
$16,000,000
$888/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Sep 5, 2023
AI
A retail property located at 1000 17th Street in Miami Beach has been sold for a total price of $16,000,000. The property spans over 18,000 square feet, resulting in a price per square foot of $889. The transaction took place on September 5, 2023, involving the buyer Azora Exan and the sellers Scott Robins Companies and Philip Levine.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,000,000
- Address: 1000 17th Street, Miami Beach
- Square Footage: 18,000
- Price per Square Foot: $889
- Market: Miami Beach
The deal was represented by the buyer's representatives, Michael Sullivan and Sam Singer from Vertical Real Estate, and the seller's representatives, Jordan Gimelstein, David Spitz, and Jared Robins from Inhouse Commercial.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93