Jeff Kluger Acquires Retail Property On Biscayne Blvd In Edgewater, Miami For $4.4M
2121 Biscayne Boulevard, Miami, Florida 33137, United States
$20,050,000
$932/SF
Building Size
21,501 SF
Asset Type
Retail
Closing
Jan 9, 2022
About this deal
AI
The retail property located at 2201 Biscayne Blvd in Edgewater, Miami has been sold for a price of $4,400,000. The sale was finalized on 07/19/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
- Address: 2201 Biscayne Blvd
- Market: Edgewater, Miami
The buyer for this transaction 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.
The retail property spans across a land area of 9,500 square feet, resulting in a price per square foot of $463.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93