Jake Waserstein Of LeaseFlorida Purchases Retail Property From Andrew Greenberg For $8.47M In Miami Beach
SOLD
Florida
See Similar DealsRetail22,409 SF
Sold
SOLD
Jake Waserstein Of LeaseFlorida Purchases Retail Property From Andrew Greenberg For $8.47M In Miami Beach
6700 Collins Avenue
See Similar DealsRetail22,409 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$377
Total Square Footage:22409 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 6700 Collins Avenue, Miami Beach. The sale price of the property was $8,467,416, encompassing a total square footage of 22,409 and a lot size of 51,430 square feet. The price per square foot was calculated at $377.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,467,416
- Buyer: Jake Waserstein - LeaseFlorida
- Seller: Andrew Greenberg
- Broker: Capital Real Estate Group
- Lot Size: 51,430 SF
- Square Footage: 22,409 SF
- Price per Square Foot: $377
Jake Waserstein represented the buyer in this transaction, while Andrew Greenberg was the seller. The broker facilitating the deal was Capital Real Estate Group, who played an integral role in finalizing the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$451,595.51
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,082.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,139.87
Annual Debt Service$481,678.46
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