Inwood Properties & F&B Hospitality Sell Miami Retail Assets For $4.8M
2060 N Bayshore Dr, Miami, Florida 33137, United States
$4,800,000
$470/SF
Building Size
10,210 SF
Asset Type
Retail
Closing
Dec 13, 2021
AI
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
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93