Marcus & Millichap Facilitates $14.5M Sale Of Retail Property In Miami
6720 Southwest 56th Street
$14,482,021
$2,379/SF
Building Size
6,086 SF
Asset Type
Retail
Closing
Nov 22, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 6720 SW 56th St and 90 NW 167th St in Miami. The property spans 6,086 square feet and was sold for a total price of $14,482,021, resulting in a price per square foot of $2,380.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,482,021
- Address: 6720 SW 56th St and 90 NW 167th St, Miami
- Market: Miami
- Brokers: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
- Square Footage: 6,086
- Price per Square Foot: $2,380
The deal was facilitated by brokers Jonathan De La Rosa and Eduardo Toledo from Marcus & Millichap. They represented the parties involved in the transaction and played a crucial role in ensuring its successful completion.
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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93