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
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.
Players
Cutler Bay Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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