Konover South Sells Retail Property In Miami For $4M With Brokers Marcus & Millichap
SOLD
$4,000,000
Florida
See Similar DealsRetail4,280 SF
Sold 12/08/2021
SOLD
Konover South Sells Retail Property In Miami For $4M With Brokers Marcus & Millichap
12610 Southwest 120th Street, Miami, FL 33186, USA
See Similar DealsRetail4,280 SF
Sold 12/08/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$934
Total Square Footage:4,280 SF
Transaction Type:Sale
Located in Miami, the retail property at 12610 SW 120th St has changed ownership. The sale was facilitated by Marcus & Millichap, with brokers Drew A. Kristol and Kirk D. Olson representing the seller, Konover South. The transaction closed on December 8, 2021.
Summary of transaction details
- Property Type: Retail
- Sale Price: $4,000,000
- Square Footage: 4,280
- Price Per Square Foot: $935
- Address: 12610 SW 120th St, Miami
Drew A. Kristol and Kirk D. Olson, from Marcus & Millichap, played a crucial role in facilitating the sale of this retail property. They represented the seller, Konover South, throughout the transaction.
Players
SELLER
Details
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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