Marcus & Millichap Sells Shoppes Of Ives Dairy Retail Property In Miami Gardens For $10.1M
19801 NW 2nd Ave Miami, FL 33169, USA
$10,100,000
$412/SF
Building Size
24,517 SF
Asset Type
Retail
Closing
Jul 17, 2023
About this deal
AI
The Shoppes of Ives Dairy, a retail property located at 19801 Northwest 2nd Avenue in Miami Gardens, has been sold for $10.1 million. The transaction was facilitated by Kirk D. Olson and Drew A. Kristol from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,100,000
- Size: 24,517 square feet
- Price per square foot: $412
- Address: 19801 Northwest 2nd Avenue, Miami Gardens
- Market: Miami Gardens
The buyer, attracted by its prime location and national tenant roster, plans to add the Shoppes of Ives Dairy to their portfolio.
Players
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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93