Davie Town Acquires Retail Property In Fort Lauderdale For $3.51M
4223 SW 64th Ave, Miami, FL, USA
$3,510,000
$1,212/SF
Building Size
2,894 SF
Asset Type
Retail
Closing
Jul 1, 2021
About this deal
AI
The retail property located at 4223 SW 64th Ave in Fort Lauderdale has been sold in a transaction that took place on July 2, 2021. The property spans 2,894 square feet and was sold for a price of $3,510,000, resulting in a price per square foot of $1,213.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,510,000
The buyer of the property is Davie Town, while the seller is Thomas Rafael.
The retail sale at 4223 SW 64th Ave, Miami, FL, USA in Miami, Florida sold for $3.5M in 2021. The building is 2,894 square feet, implying about 1.2K per square foot on the published price. This page is the Miami, Florida file for the 4223 SW 64th Ave, Miami, FL, USA retail sold: pricing, party profiles, and other closed retail comps from the same Miami sit in the Market section below. Filter that Miami retail set by closing date to see what else sold near 4223 SW 64th Ave, Miami, FL, USA around 2021. Published consideration for 4223 SW 64th Ave, Miami, FL, USA is $3.5M, dated 2021. Cite this Davie Town Acquires Retail Property In Fort Lauderdale For $3.51M sale when underwriting similar retail product around Miami, Florida.
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
4.52%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93