Debra Kalimian Acquires Retail Property In Miami Beach For $35.25M
509 Collins Avenue, Miami Beach, Florida 33139, United States
$35,250,000
$1,542/SF
Building Size
22,857 SF
Asset Type
Retail
Closing
Oct 18, 2022
AI
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.
Players
Miami Beach 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93