Black Lion Investment Group Acquires Retail Asset From East End Capital In Miami For $13.25M
43 75 Nw 23rd St
$13,250,000
Building Size
—
Asset Type
Retail
Closing
Jun 4, 2021
About this deal
AI
The sale involved a retail asset located at 43 75 Nw 23rd St in the Miami market. The transaction was completed on June 4, 2021, with a total price of $13,250,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,250,000.00
- Buyer: Black Lion Investment Group
- Seller: East End Capital
- Brokers: Tony Arellano - DWNTWN Realty Advisors
The transaction was facilitated by Tony Arellano, representing DWNTWN Realty Advisors in the deal, further showcasing the involvement of key industry players in this retail property transaction.
On the Map
$13,250,000
Retail
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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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93