Marcus & Millichap Brokers Sell Retail Property On 600 Collins Avenue, Miami Beach For $6.5M
600 Collins Avenue, Miami Beach, Florida 33139, United States
$6,500,000
$780/SF
Building Size
8,331 SF
Asset Type
Retail
Closing
Jan 30, 2022
About this deal
AI
The retail property located at 600 Collins Avenue in Miami Beach has been sold for a price of $6,500,000. The property spans an area of 8,331 square feet, resulting in a price per square foot of $780. The sale took place on January 31, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Square Footage: 8,331
- Price per Square Foot: $780
- Address: 600 Collins Avenue, Miami Beach
The transaction was facilitated by Drew A. Kristol and Kirk D. Olson from Marcus & Millichap. They represented the parties involved as brokers in the deal.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93