facebook
Traded Co logo
Submit

Regal Acquisitions Acquires Retail Property In Miami Beach For $34M

Property Image
SOLD
$34,000,000
Joseph Ash
Joey Cohen

Florida

See Similar Deals
Retail35,482 SF
Sold 05/19/2021
the dealplayerscompscontact
Property Image
SOLD

Regal Acquisitions Acquires Retail Property In Miami Beach For $34M

2000 Collins Avenue, Miami Beach, FL, USA

See Similar Deals
Retail35,482 SF
Sold 05/19/2021
Joseph Ash
Joey Cohen
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$958
Total Square Footage:35,482 SF
Transaction Type:Sale

The retail property located at 2000 Collins Avenue and 237 20th Street in Miami Beach has been sold in a recent transaction. The property spans across 35,482 square feet and was sold for a total price of $34,000,000, resulting in a price per square foot of $958. The sale was facilitated by brokers Joseph Ash and Isaac Shabot from Kassin Sabbagh Realty.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $34,000,000
  • Address: 2000 Collins Avenue & 237 20th Street, Miami Beach
  • Market: Miami Beach

The buyer in this transaction was Regal Acquisitions, represented by Ely Cohen, Alexander Smith, and Joey Cohen. The seller was PGIM Real Estate and Madison Capital. The involvement of these key individuals and companies highlights their role in the successful sale of the retail property in Miami Beach.

Players

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
RA
Regal Acquisitions
BUYER
RA
Regal Acquisitions
BUYER
PGIM
PGIM
SELLER
Madison Capital Group
Madison Capital Group
SELLER

Details

SOLD
IMAGE: Alexander Smith, Joey Cohen, Joseph Ash & Isaac Shabot DATE: 5/19/2021 ADDRESS: 2000 Collins Avenue & 237 20th Street MARKET: Miami Beach ASSET TYPE: Retail BUYER: Regal Acquisitions - Ely Cohen, Alexander Smith & Joey Cohen SELLER: PGIM Real Estate & Madison Capital BROKERS: Joseph Ash & Isaac Shabot - Kassin Sabbagh Realty SALE PRICE: $34,000,000 SF: 35,482 ~ PPSF: $958

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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