Jeff Kluger Acquires Retail Property On Biscayne Blvd In Edgewater, Miami For $4.4M
2201 Biscayne Boulevard
$4,400,000
$463/SF
Building Size
9,500 SF
Asset Type
Retail
Closing
Jul 19, 2022
About this deal
AI
The retail property located at 2201 Biscayne Blvd in Edgewater, Miami has been sold in a recent transaction. The property spans a land area of 9,500 square feet. The sale price for this property was $4,400,000, resulting in a price per square foot of land of $463.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,400,000
- Address: 2201 Biscayne Blvd, Edgewater, Miami
- Market: Edgewater, Miami
The buyer of the property is Jeff Kluger, while the seller is Juan Carlos Cachoua. The deal was facilitated by Jamie Rose Maniscalco and Alex K. Tsoulfas from APEX Capital Realty, who represented their respective parties in the transaction.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93