Douglas Elliman Acquires Retail Property On Biscayne Boulevard In Miami For $4.73M
SOLD
$4,730,000
Florida
See Similar DealsRetail14,250 SF
Sold 02/17/2023
SOLD
Douglas Elliman Acquires Retail Property On Biscayne Boulevard In Miami For $4.73M
7200 Biscayne Boulevard
See Similar DealsRetail14,250 SF
Sold 02/17/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$331
Total Square Footage:14,250 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$252,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,804.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,422.61
Annual Debt Service$269,071.36
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