Firpo Garcia Acquires Retail Property On Biltmore Way In Miami For $4.8M
490 Biltmore Way, Coral Gables, Miami-Dade, FL, USA
$4,800,000
$597/SF
Building Size
8,034 SF
Asset Type
Retail
Closing
Oct 14, 2021
About this deal
AI
The retail property located at 480 & 490 Biltmore Way in Miami has been sold in a transaction that closed on October 15, 2021. The property spans 8,034 square feet and was sold for a total price of $4,800,000, resulting in a price per square foot of $597.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 480 & 490 Biltmore Way, Miami
- Square Footage: 8,034
- Price per Square Foot: $597
Firpo Garcia acted as the buyer in this transaction, while John Guarino represented the seller. Additional details regarding the individuals and companies involved in the deal are not available.
Players
Coral Gables 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93