Laure Heriard Acquires Retail Property On Collins Ave In Miami Beach For $15M
1220 Collins Ave, Miami Beach, FL 33139, USA
$15,000,000
$75/SF
Building Size
197,720 SF
Asset Type
Retail
Closing
May 3, 2020
About this deal
AI
Laure Heriard has acquired a retail property located at 1220 Collins Ave in Miami Beach. The transaction occurred on May 4, 2020, and the property was purchased for a total price of $15,000,000. The retail space spans a total of 19,772 square feet, resulting in a price per square foot of $758.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 1220 Collins Ave, Miami Beach
- Market: Miami Beach
- Square Footage: 19,772
- Price per Square Foot: $758
The seller of the property was Laurent Malecaze. Laure Heriard represented herself as the buyer in this transaction.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93