Gator Investments Acquires Retail Property For $6.05M In Miami
15700 Southwest 88th Street, Miami, Florida 33196, United States
$6,050,000
$605,000/SF
Building Size
10 SF
Asset Type
Retail
Closing
Jan 2, 2023
AI
A retail property located at 15700 S.W. 88th St in Miami has been sold in a closed transaction. The property spans an area of 1.02 acres and was sold for a total price of $6,050,000. The sale took place on February 1, 2023. The property offers 10,666 square feet of space, resulting in a price per square foot of $567.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,050,000
- Address: 15700 S.W. 88th St
- Market: Miami
- Area: 1.02 acres
The buyer for this transaction is Gator Investments, while FFT V Limited Partnership served as the seller. Representing the buyer in the deal were Joseph Prio, Barry M. Wolfe, and Alan Lipsky, all from Marcus & Millichap.
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93