Konover South Sells Retail Property In Miami For $4M With Brokers Marcus & Millichap
12610 Southwest 120th Street, Miami, FL 33186, USA
$4,000,000
$934/SF
Building Size
4,280 SF
Asset Type
Retail
Closing
Dec 8, 2021
About this deal
AI
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.
On the Map
$4,000,000
$934/SF
Retail
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Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93