Debra Kalimian Acquires Retail Property In Miami Beach For $35.25M
SOLD
$35,250,000
+ 2
Florida
See Similar DealsRetail22,857 SF
Sold 10/19/2022
SOLD
Debra Kalimian Acquires Retail Property In Miami Beach For $35.25M
509 Collins Avenue, Miami Beach, Florida 33139, United States
See Similar DealsRetail22,857 SF
Sold 10/19/2022
+ 2
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,542
Total Square Footage:22,857 SF
Transaction Type:Sale
A retail property located at 509 Collins Ave in Miami Beach has been sold for $35,250,000. The property spans across 22,857 square feet, resulting in a price per square foot of $1,542. The sale took place on October 19, 2022, and involved Debra Kalimian as the buyer and Eric Hadar as the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $35,250,000
- Square Footage: 22,857
- Price per Square Foot: $1,542
- Date: October 19, 2022
- Address: 509 Collins Ave, Miami Beach
The sale was facilitated by Ricardo Esteves, Gabriel Britti, and Ronnie Issenberg from Marcus & Millichap, who represented both the buyer, Debra Kalimian, and the seller, Eric Hadar, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,879,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$125,235.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$167,102.98
Annual Debt Service$2,005,235.80
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