3419 Main, LLC Acquires Retail Property In Coconut Grove For $4.25M
3419 Main Highway, Northeast Coconut Grove, Miami, FL, USA
$4,250,000
$1,282/SF
Building Size
3,315 SF
Asset Type
Retail
Closing
Nov 3, 2021
About this deal
AI
A retail property located at 3419 Main Highway in Coconut Grove has been sold for a price of $4,250,000. The property spans across 3,315 square feet, resulting in a price per square foot of $1,282. The transaction took place on November 3, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,250,000
- Address: 3419 Main Highway
- Market: Coconut Grove
The buyer, 3419 Main, LLC, acquired the property from the sellers, Federal Realty Investment Trust and Michael Comras.
NOTE: No additional information was provided regarding any representatives involved in the deal.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93