Century 21 Acquires Retail Property From Ibiza Island Corporation For $14.6M In Miami
70 74 Ne 40th St
$14,600,000
Building Size
—
Asset Type
Retail
Closing
Jul 9, 2015
About this deal
AI
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.
On the Map
$14,600,000
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93