Inwood Properties & F&B Hospitality Sell Miami Retail Assets For $4.8M
SOLD
$4,800,000
Florida
See Similar DealsRetail10,210 SF
Sold 12/13/2021
SOLD
Inwood Properties & F&B Hospitality Sell Miami Retail Assets For $4.8M
2060 N Bayshore Dr, Miami, Florida 33137, United States
See Similar DealsRetail10,210 SF
Sold 12/13/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$470
Total Square Footage:10,210 SF
Transaction Type:Sale
The retail property located at 2060 & 2066 N Bayshore Drive in Miami has been sold for a price of $4,800,000. The transaction took place on 12/13/2021. The property spans a total of 10,210 square feet, resulting in a price per square foot of $470.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 2060 & 2066 N Bayshore Drive, Miami
- Square Footage: 10,210
- Price per Square Foot: $470
Pablo M. Barreiro from Inwood Properties and Jason Sims from F+B Hospitality acted as the brokers in this transaction. They represented the buyers and sellers respectively.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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