Prestige Imports Acquires Retail Property On Biscayne Blvd In North Miami For $4.7M
15090 Biscayne Boulevard, North Miami, Florida 33181, United States
$4,698,000
$194/SF
Building Size
24,102 SF
Asset Type
Retail
Closing
Jul 10, 2022
About this deal
AI
Brett David, owner of Prestige Imports, has recently purchased a retail property in North Miami. The property, located at 15090 Biscayne Blvd, spans across 10 acres in the market. The transaction took place on July 11, 2022, with a sale price of $4,698,000. The property offers a total of 24,102 square feet with a price per square foot of $195.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,698,000
- Address: 15090 Biscayne Blvd
- Market: North Miami
- Acres: 10
- Buyer: Brett David - Prestige Imports
- Square Footage: 24,102
- Price Per Square Foot: $195
Brett David, the owner of Prestige Imports, was the buyer in this transaction. The deal highlights his interest in expanding his business presence in North Miami's retail market. The purchase of this property will offer new opportunities for growth and development.
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
3.38%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93