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
About this deal
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.
On the Map
$4,730,000
$331/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
3.35%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93