facebook
Traded Co logo
Submit

Potamkin Companies Acquires Retail Property In Miami Beach For $10.4M

Property Image
SOLD
$10,400,000
Marc Chasin
Rich Tallman

Florida

See Similar Deals
Retail15,000 SF
Sold 02/03/2022
the dealplayerscompscontact
Property Image
SOLD

Potamkin Companies Acquires Retail Property In Miami Beach For $10.4M

1695 Alton Road, Miami Beach, Florida 33139, United States

See Similar Deals
Retail15,000 SF
Sold 02/03/2022
Marc Chasin
Rich Tallman
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$693
Total Square Footage:15,000 SF
Transaction Type:Sale

The retail property located at 1695 Alton Rd in Miami Beach has been sold for a price of $10,400,000. The property spans approximately 15,000 square feet, resulting in a price per square foot of $693. The transaction took place on February 3, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,400,000

Potamkin Companies acquired the property, with their representative Marc Chasin from Urban Central Realty Advisors acting on their behalf. On the other side, Rich Tallman from La Playa Properties represented the seller.

Players

Rich Tallman
Rich Tallman
2 deals$13.7M volume
BROKER
Marc Chasin
Marc Chasin
2 deals$12.9M volume
BROKER

Details

SOLD
IMAGE: Rich Tallman & Marc Chasin DATE: 02/03/2022 ADDRESS: 1695 Alton Rd MARKET: Miami Beach ASSET TYPE: Retail BUYER: Potamkin Companies BUYER'S REP: Marc Chasin (@MarcChasin) - Urban Central Realty Advisors SELLER'S REP: Rich Tallman (@Rich_Real_Estate_Miami) - La Playa Properties SALE PRICE: $10,400,000 SF: 15,000 ~ PPSF: $693

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$554,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67