Ryan Nee & Scott C. Sandelin - Marcus & Millichap Acquires Retail Property In Miami For $4.9M
14705 SW 42nd St, Miami, FL 33185, Estados Unidos
$4,900,000
$449/SF
Building Size
10,908 SF
Asset Type
Retail
Closing
Nov 7, 2020
About this deal
AI
The retail property located at 14705 Southwest 42nd Street in Miami has been sold for $4,900,000. The property spans a total area of 10,908 square feet, leading to a price per square foot of $449.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 14705 Southwest 42nd Street, Miami
- Market: Miami
- Square Footage: 10,908
- Price per Square Foot: $449
- Brokers: Ryan Nee & Scott C. Sandelin – Marcus & Millichap
The sale of this retail property was facilitated by Ryan Nee and Scott C. Sandelin, who represent Marcus & Millichap. Their expertise in the Miami market was instrumental in completing this transaction.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93