Bristlecone Real Estate Acquires Retail Property In Downtown Miami For $4.1M
201 North Miami Avenue, Miami, Florida 33132, United States
$4,125,000
$305/SF
Building Size
13,500 SF
Asset Type
Retail
Closing
Oct 27, 2022
AI
Mika Mattingly & Cecilia Estevez of Colliers represented the buyer and seller in the sale of a retail property located at 201 N Miami Ave in Downtown Miami. The property was sold by S&G Inc., represented by Mario Sapoznik, to Bristlecone Real Estate. The transaction took place on 10/28/2022 and the sale price was $4,125,000. The property has a total square footage of 13,500, resulting in a price per square foot of $306.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,125,000
- Address: 201 N Miami Ave, Downtown Miami
- Market: Downtown Miami
Mika Mattingly & Cecilia Estevez, representing Colliers, acted as the brokers in this transaction.
Players
Miami 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93