Fg 1520 Alton LLC Acquires Retail Property In Miami Beach For $4.05M
1520 Alton Rd, Miami Beach, FL, USA
$4,050,000
$626/SF
Building Size
6,465 SF
Asset Type
Retail
Closing
Sep 21, 2021
AI
The retail property located at 1520 Alton Rd in Miami Beach has been sold in a recent transaction. The property spans 6,465 square feet and was acquired by Fg 1520 Alton LLC for a total sale price of $4,050,000. This equates to a price per square foot of $626.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,050,000
- Address: 1520 Alton Rd
- Market: Miami Beach
The buyer of the property is Fg 1520 Alton LLC, while the seller is Nelson Ferreira.
Players
Miami Beach 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93