Lehman Autoworld Acquires Retail Property In Florida City From Largo Motor Company For $16.8M
554 NE 1st Ave, Florida City, FL 33034, USA
$6,800,000
$33/SF
Building Size
203,528 SF
Asset Type
Retail
Closing
Oct 12, 2020
About this deal
AI
The retail property located at 554 Northeast 1st Avenue in Florida City has been sold for a price of $16,800,000. The property spans across an area of 203,528 square feet, resulting in a price per square foot of $82.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $16,800,000
- Address: 554 Northeast 1st Avenue
- Market: Florida City
- Buyer: Lehman Autoworld
- Seller: Largo Motor Company LTD
- Square Footage: 203,528
- Price per Square Foot: $82
Lehman Autoworld has acquired the property from Largo Motor Company LTD. The transaction between the two parties was completed on October 13, 2020.
Players
Florida City 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93