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6800 Coral Way

Annette Romano Purchases Retail Property At 6800 Coral Way Miami For $2,515,000 From Jose Valle
SOLDRetail

Annette Romano Purchases Retail Property At 6800 Coral Way Miami For $2,515,000 From Jose Valle

6800 Coral Way

$2,515,000

$542/SF

Building Size

4,639 SF

Asset Type

Retail

Closing

Sep 3, 2013

AI

This retail asset located at 6800 Coral Way in the Miami market was involved in a sale transaction on September 3, 2013. The property encompasses a total square footage of 4,639 and was sold for $2,515,000.00.

Summary of transation details:

In this transaction, the buyer, Annette Romano, acquired the retail property from seller Jose Valle. The deal was facilitated by multiple brokers, including Arthur Porosoff and Jorge Ruiz representing Premier Properties, along with Drew Kristol of Marcus & Millichap.

Players

Drew Kristol

Marcus & Millichap

Broker

$597.4M

vol

50 deals

Broker

Annette Romano

Buyer

$4.5M

vol

1 deal

Buyer

Jose Valle

Seller
Seller

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

6.31%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93