DWNTWN Realty Advisors Sells Retail Property In Miami For $34.4M
7205 NE 4th Ave Miami, FL 33138, USA
$34,400,000
$269/SF
Building Size
127,562 SF
Asset Type
Retail
Closing
Aug 14, 2023
About this deal
AI
A retail property located at 7205 Northeast 4th Avenue in Miami has been sold for a total price of $34,400,000. The property spans a total area of 127,562 square feet, resulting in a price per square foot of $270.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $34,400,000
- Address: 7205 Northeast 4th Avenue, Miami
- Market: Miami
The sale of this retail property was facilitated by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors. They served as the brokers for this transaction, representing the buyers and/or sellers involved.
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93