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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $2,515,000.00
- Address: 6800 Coral Way
- Market: Miami
- Square Footage: 4,639
- Buyer: Annette Romano
- Seller: Jose Valle
- Brokers: Arthur Porosoff, Jorge Ruiz (Premier Properties), Drew Kristol (Marcus & Millichap)
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.
On the Map
$2,515,000
$542/SF
Retail
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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
6.31%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93