BH Group & Electra America Acquires Retail Property In Cutler Bay For $100.35M
20505 South Dixie Highway, Cutler Bay, Florida 33157, United States
$100,350,000
$771/SF
Building Size
130,000 SF
Asset Type
Retail
Closing
Apr 27, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 20505 S Dixie Hwy in Cutler Bay. It was sold on April 28, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $100,350,000
- Address: 20505 S Dixie Hwy, Cutler Bay
- Market: Cutler Bay
The buyer of this property is BH Group & Electra America, represented by Joe Lubeck. The seller is KeyBank. The brokers involved in the deal are Michael T. Fay, Brian C. de la Fé, John K. Crotty, and David Duckworth of Avison Young.
The property has a total square footage of 808,776, resulting in a price per square foot of $124.
Players
Cutler Bay 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93