Ripco And RPS Capital Management Sell Cutler Bay Retail Property For $3.8M
19169 South Dixie Highway
$3,800,000
$1,640/SF
Building Size
2,317 SF
Asset Type
Retail
Closing
Nov 2, 2023
About this deal
AI
A retail property located at 19169 South Dixie Highway in Cutler Bay, FL has been sold for $3,800,000. The property spans 2,317 square feet and was sold at a rate of $1,640 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,800,000
- Address: 19169 South Dixie Highway, Cutler Bay, FL
- Market: Cutler Bay, FL
- BROKERS: Stephen R. Preuss Sr., Christian Allimonos, Andreas Efthymiou - Ripco; Robert Sharfstein - RPS Capital Management
- SF: 2,317 ~ PPSF: $1,640
The deal was facilitated by brokers Stephen R. Preuss Sr., Christian Allimonos, and Andreas Efthymiou of Ripco, along with Robert Sharfstein from RPS Capital Management.
On the Map
$3,800,000
$1,640/SF
Retail
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Players
Cutler Bay 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93