$11.3M Retail Property Sold In Miami Beach By Alejandro D’Alba & Scott C. Sandelin - Marcus & Millichap
6348 Collins Avenue, Miami Beach, FL 33141
$11,250,000
$2,574/SF
Building Size
4,370 SF
Asset Type
Retail
Closing
Apr 7, 2021
About this deal
AI
An $11,250,000 retail property located at 6348 Collins Avenue in Miami Beach was recently sold. The transaction took place on April 8, 2021. The property spans approximately 4,370 square feet, resulting in a price per square foot of $2,574.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,250,000
- Date: 04/08/2021
- Address: 6348 Collins Avenue
- Market: Miami Beach
The sale was facilitated by Alejandro D’Alba and Scott C. Sandelin of Marcus & Millichap, who acted as the brokers representing the involved parties.
On the Map
$11,250,000
$2,574/SF
Retail
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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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93