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17520 South Dixie Highway

Autozone Sells Retail Property At 17520 South Dixie Highway In Miami For $1.936M
SOLDRetail

Autozone Sells Retail Property At 17520 South Dixie Highway In Miami For $1.936M

17520 South Dixie Highway

$1,936,000

$251/SF

Building Size

7,696 SF

Asset Type

Retail

Closing

Dec 19, 2024

AI

The asset involved in this transaction is a retail property located at 17520 South Dixie Highway in Miami. The sale price is $1,936,000, and the property encompasses a total of 7,696 square feet, which equates to a price per square foot of $251.

Summary of transaction details:

Key individuals involved in the deal include brokers Eduardo Toledo, Jonathan de la Rosa, and Arnold Sevell, who represented the seller, Autozone, through Sevell Realty Partners Inc. Their roles facilitated the successful transaction of this retail property in the Miami market.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$669.3M

vol

147 deals

Broker

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

8.19%

Cash-on-Cash

-2.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93