Century 21 Acquires Retail Property From Ibiza Island Corporation For $14.6M In Miami
SOLD
$14,600,000
Florida
See Similar DealsRetail
Sold 07/09/2015
SOLD
Century 21 Acquires Retail Property From Ibiza Island Corporation For $14.6M In Miami
70 74 Ne 40th St
See Similar DealsRetail
Sold 07/09/2015
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 70 74 Ne 40th St in the Miami market. The transaction was conducted for a total price of $14,600,000.00.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $14,600,000.00
- Buyer: Century 21
- Seller: Ibiza Island Corporation
- Broker: Tony Arellano - DWNTWN Realty Advisors
- Transaction Date: 07/09/2015
This deal was facilitated by Tony Arellano, representing DWNTWN Realty Advisors, indicating his pivotal role in the transaction between Century 21 and Ibiza Island Corporation.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$778,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,870.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,211.45
Annual Debt Service$830,537.38
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