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Regal Acquisitions Acquires Retail Property On 2000 Collins Avenue For $34M

Property Image
SOLD
$34,000,000
Isaac Shabot
Joseph Ash
Joey Cohen
+ 2

Florida

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Retail34,480 SF
Sold 03/30/2021
the dealplayerscompscontact
Property Image
SOLD

Regal Acquisitions Acquires Retail Property On 2000 Collins Avenue For $34M

2000 Collins Avenue, Miami Beach, Florida 33139, United States

See Similar Deals
Retail34,480 SF
Sold 03/30/2021
Isaac Shabot
Joseph Ash
Joey Cohen
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$986
Total Square Footage:34,480 SF
Transaction Type:Sale

A retail property located at 2000 Collins Avenue in South Beach has been sold in a recent transaction. The property spans a total of 34,480 square feet and was sold for a total price of $34,000,000, leading to a price per square foot of $986.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $34,000,000
  • Address: 2000 Collins Avenue
  • Market: South Beach
  • Buyer: Regal Acquisitions - Alex Smith, Joey Cohen & Sean Dainese
  • Seller: Madison Capital
  • Brokers: Joseph Ash & Isaac Shabot - KSR

The deal was facilitated with the assistance of the brokers Joseph Ash and Isaac Shabot from KSR. Additionally, it is worth mentioning that Kassin Sabbagh Realty is expanding its presence by establishing an office in South Florida. They are actively seeking off-market opportunities across the state for retail, office, industrial, and multifamily properties.

Players

Isaac Shabot
Kassin Sabbagh Realty
Isaac Shabot
7 deals$89.7M volume(718) 757-1562
BROKER
Joseph Ash
Kassin Sabbagh Realty
Joseph Ash
15 deals$1.3B volume(917) 583-0490
BROKER
Joey Cohen
Joey Cohen
11 deals$148.6M volume
BUYER
Alex Smith
Alex Smith
8 deals$108.3M volume
BUYER
SD
Sean Dainese
3 deals$45.9M volume
BUYER
Madison Capital Group
Madison Capital Group
SELLER

Details

SOLD
IMAGE: Alex Smith, Sean Dainese, Joseph Ash & Isaac Shabot DATE: 03/30/2021 ADDRESS: 2000 Collins Avenue MARKET: South Beach ASSET TYPE: Retail BUYER: Regal Acquisitions - Alex Smith, Joey Cohen & Sean Dainese SELLER: Madison Capital BROKERS: Joseph Ash & Isaac Shabot - KSR SALE PRICE: $34,000,000 SF: 34,480 ~ PPSF: $986 NOTE: Kassin Sabbagh Realty is opening up an office in South Florida and is sourcing off-market deals throughout the State. Please reach out to us if you're looking to buy or sell Retail, office, industrial and Multifamily properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,813,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15