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
North 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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93