Bristlecone Real Estate Acquires Retail Property In Downtown Miami For $4.1M
SOLD
$4,125,000
Florida
See Similar DealsRetail13,500 SF
Sold 10/28/2022
SOLD
Bristlecone Real Estate Acquires Retail Property In Downtown Miami For $4.1M
201 North Miami Avenue, Miami, Florida 33132, United States
See Similar DealsRetail13,500 SF
Sold 10/28/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$305
Total Square Footage:13,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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