Todd Jacobs Acquires Retail Property In Miami For $10.75M From Steven J. Kassin
2063 Biscayne Boulevard, Miami, Florida 33137, United States
$10,750,000
$752/SF
Building Size
14,280 SF
Asset Type
Retail
Closing
Jul 5, 1922
AI
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.
Players
Miami 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93