SOLDRetail
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.
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