Douglas Elliman Acquires Retail Property On Biscayne Boulevard In Miami For $4.73M
7200 Biscayne Boulevard
$4,730,000
$331/SF
Building Size
14,250 SF
Asset Type
Retail
Closing
Feb 17, 2023
AI
A retail property located at 7200 Biscayne Boulevard in Miami has been sold for a total of $4,730,000. The property spans 14,250 square feet, resulting in a price per square foot of $332.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,730,000
- Address: 7200 Biscayne Boulevard
- Market: Miami
- Buyer's Rep: Sam Gaita - Douglas Elliman
- Seller's Rep: Devlin Marinoff & Tony Arellano - DWNTWN Realty Advisors
- SF: 14,250
- PPSF: $332
The buyer's representative for this transaction is Sam Gaita from Douglas Elliman, while the seller's representatives are Devlin Marinoff and Tony Arellano from DWNTWN Realty Advisors.
Players
Market 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
3.35%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93