Sarkis Anac Acquires Miramar Retail Property For $3.06M
12421 Miramar Parkway
$3,058,000
$80/SF
Building Size
38,000 SF
Asset Type
Retail
Closing
Mar 14, 2023
About this deal
AI
Anac Global Realty represented the buyer, while SRS Real Estate Partners acted as the seller's representative in the recent sale transaction of a retail property located at 12421 Miramar Parkway in Miramar. The property spans 38,000 square feet and was sold for a total price of $3,058,000, resulting in a price per square foot of $80.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,058,000
- Address: 12421 Miramar Parkway
- Market: Miramar
This deal was facilitated by Sarkis Anac from Anac Global Realty, who represented the buyer. On the other side, Patrick Nutt from SRS Real Estate Partners acted as the seller's representative. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction.
On the Map
$3,058,000
$80/SF
Retail
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Players
Market 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
5.19%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93