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12600 Biscayne Boulevard, N...

Goat Capital And Triarch Capital Group Acquire Retail Property In North Miami For $1.26M
SOLDRetail

Goat Capital And Triarch Capital Group Acquire Retail Property In North Miami For $1.26M

12600 Biscayne Boulevard, North Miami, FL, USA

$1,265,000

$701/SF

Building Size

1,804 SF

Asset Type

Retail

Closing

Nov 29, 2020

AI

The retail property located at 12600 Biscayne Boulevard in North Miami has been sold for a price of $1,265,000. The property spans 1,804 square feet, resulting in a price per square foot of approximately $701. The transaction took place on November 30, 2020.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $1,265,000
  • Square Footage: 1,804
  • Price per Square Foot: $701
  • Address: 12600 Biscayne Boulevard, North Miami
  • Market: North Miami

The buyer of the property is Goat Capital and Triarch Capital Group, represented by Stefan Grosfeld. On the other hand, the seller is 12600 Biscayne Blvd. The buyer was represented by Jose Sasson-Lerner from Axiom Capital Advisors, while the seller was represented by Emily Brais and Michael Fay from Avison Young.

For more off-market deals and further information, interested parties can reach out to Jose Sasson-Lerner at 786-393-8089 or via email at [email protected].

Players

Emily Brais

Avison Young

Broker

$97.1M

vol

9 deals

Broker
TG
Triarch Capital GroupBuyer

North Miami 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

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93