Ripco And RPS Capital Management Sell Cutler Bay Retail Property For $3.8M
SOLD
$3,800,000
+ 1
Florida
See Similar DealsRetail2,317 SF
Sold
SOLD
Ripco And RPS Capital Management Sell Cutler Bay Retail Property For $3.8M
19169 South Dixie Highway
See Similar DealsRetail2,317 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1640
Total Square Footage:2317 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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