Gator Investments Acquires Retail Property For $6.05M In Miami
SOLD
$6,050,000
Florida
See Similar DealsRetail10 SF
Sold 01/02/2023
SOLD
Gator Investments Acquires Retail Property For $6.05M In Miami
15700 Southwest 88th Street, Miami, Florida 33196, United States
See Similar DealsRetail10 SF
Sold 01/02/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$605,000
Total Square Footage:10 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$322,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04
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