Walgreens Sells Retail Property On Coral Way In Miami For $14.4M With Brokers From SRS Real Estate Partners
3595 Coral Way, Miami, Florida 33145, United States
$14,400,000
$900,000/SF
Building Size
16 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
The retail property located at 3595 Coral Way in Miami has been sold. The property, with a total area of 16,285 square feet, was sold for a price of $14,400,000, resulting in a price per square foot of $884. The seller of the property was Walgreens.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,400,000
- Address: 3595 Coral Way, Miami
- Market: Miami
The sale of this retail property was facilitated by Sean Lutz, Dan Elliot, Matthew Mousavi, and Patrick Luther from SRS Real Estate Partners, who represented Walgreens in the transaction.
Players
Shenandoah 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93