Shlomo Melloul Acquires Retail Property In Treasure Island For $5.85M With Broker Marcus & Millichap
118 107th Ave Treasure Island, FL 33706, USA
$5,850,000
$292/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Jun 30, 2023
AI
A retail property located at 118, 120 & 128 107th Avenue in Treasure Island has been sold in a recent transaction.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $5,850,000
- Square Footage: 20,000
- Price Per Square Foot: $293
- Address: 118, 120 & 128 107th Avenue
- Market: Treasure Island
The buyer of this retail property was Shlomo Melloul. Representing the buyer in this transaction was Evan Cannan from Marcus & Millichap.
This transaction highlights the successful collaboration between Shlomo Melloul as the buyer and Evan Cannan from Marcus & Millichap as the representative. Both parties played a crucial role in ensuring the smooth acquisition of the retail property at 118, 120 & 128 107th Avenue in Treasure Island.
Players
Miami 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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93