Lombardi Properties & Bayshore Investment Partners Sell Retail Property In Miami For $5.75M
12441 South Dixie Highway, Miami, Florida 33156, United States
$5,750,000
$827/SF
Building Size
6,950 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
An 6,950 square foot retail property located at 12441 S Dixie Hwy in Miami has been sold for $5,750,000. The property was sold by Lombardi Properties and Bayshore Investment Partners. The sale was facilitated by Marcus & Millichap, with brokers Alex Zylberglait, Drew A. Kristol, and Kirk D. Olson representing the sellers.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,750,000
- Date: 02/25/2022
- Address: 12441 S Dixie Hwy
- Market: Miami
- SF: 6,950
- PPSF: $827
This transaction highlights the successful sale of a retail property in Miami. The sellers, Lombardi Properties and Bayshore Investment Partners, enlisted the expertise of Marcus & Millichap's brokers, Alex Zylberglait, Drew A. Kristol, and Kirk D. Olson, to facilitate the sale. The property's attractive characteristics, including its size of 6,950 square feet and a price-per-square-foot of $827, contributed to the transaction's success.
Players
Pinecrest 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93