DWNTWN Realty Advisors Facilitates $6.5M Sale Of Retail Property On Biscayne Boulevard, Miami
6101 Biscayne Blvd Miami, FL 33137, USA
$6,500,000
$539/SF
Building Size
12,043 SF
Asset Type
Retail
Closing
Jun 22, 2023
About this deal
AI
A retail property located at 6101 Biscayne Boulevard in Miami has been sold for $6,500,000. The property spans 12,043 square feet, resulting in a price per square foot of $540.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 6101 Biscayne Boulevard
- Market: Miami
- Brokers: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors
Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors represented the parties involved in the transaction. They facilitated the sale of the retail property at 6101 Biscayne Boulevard in Miami.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93