Bremen House Acquires Retail Property In North Miami Beach For $9M
530 Northeast 167th Street, North Miami Beach, FL, USA
$9,000,000
$2,071/SF
Building Size
4,345 SF
Asset Type
Retail
Closing
Mar 25, 2021
About this deal
AI
The retail property located at 530 Northeast 167th Street in North Miami Beach has been sold for a price of $9,000,000. The property spans across approximately 1.8 acres and offers a total of 4,345 square feet of space. The sale was finalized on March 26, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 530 Northeast 167th Street
- Market: North Miami Beach
- Acres: 1.8
The buyer of the property is Bremen House, while Florida Family Realty acts as the seller. One of the prominent tenants at the location is Krispy Kreme. The price per square foot for this transaction is $2,071.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93