Todd Jacobs Acquires Retail Property In Miami For $10.75M From Steven J. Kassin
SOLD
$10,750,000
Florida
See Similar DealsRetail14,280 SF
Sold 07/05/22
SOLD
Todd Jacobs Acquires Retail Property In Miami For $10.75M From Steven J. Kassin
2063 Biscayne Boulevard, Miami, Florida 33137, United States
See Similar DealsRetail14,280 SF
Sold 07/05/22
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$752
Total Square Footage:14,280 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 2063 Biscayne Blvd in Miami, FL. The property has a total square footage of 14,280. The sale took place on July 6, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,750,000
- Price per Square Foot: $752
- Buyer: Todd Jacobs
- Seller: Steven J. Kassin
Todd Jacobs represented the buyer in this deal. Steven J. Kassin was the seller. The total price for the property was $10,750,000, with a price per square foot of $752.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81
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