Walgreens Sells Retail Property On Coral Way In Miami For $14.4M With Brokers From SRS Real Estate Partners
SOLD
$14,400,000
+ 1
Florida
See Similar DealsRetail16 SF
Sold 06/01/2023
SOLD
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
See Similar DealsRetail16 SF
Sold 06/01/2023
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$900,000
Total Square Footage:16 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$768,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,160.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,263.35
Annual Debt Service$819,160.16
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