LNDMRK Development Sells Retail Property On South Dixie Highway In South Miami For $10.1M
6010 South Dixie Highway
$10,100,000
$933/SF
Building Size
10,815 SF
Asset Type
Retail
Closing
Oct 6, 2023
About this deal
AI
The property involved in this transaction is a retail asset situated at 6010-6030 South Dixie Highway in the South Miami market. The property spans a total square footage of 10,815 and was sold for a price of $10,100,000, resulting in a price per square foot of $934.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,100,000
- Square Footage: 10,815
- Address: 6010-6030 South Dixie Highway
- Market: South Miami
The seller of this property is LNDMRK Development. The seller's representatives in the deal were Devlin Marinoff and Tony Arellano from DWNTWN Realty Advisors.
Players
South 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93