7300 Collins Investment LLC Acquires Retail Property In Miami Beach For $8M
7300 Collins Avenue, Miami Beach, FL, USA
$8,000,000
$629/SF
Building Size
12,700 SF
Asset Type
Retail
Closing
Jan 6, 2021
About this deal
AI
The retail property located at 7300 Collins Avenue in Miami Beach has been sold. The transaction took place on January 7, 2021. The buyers, 7300 Collins Investment LLC, purchased the property from the seller, Silvia Coltrane, for a total price of $8,000,000. The property spans 12,700 square feet, resulting in a price per square foot of $630.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 7300 Collins Avenue, Miami Beach
Robert Collins and Silvia Coltrane were the key individuals involved in this sale. The deal was facilitated by their representatives from respective agencies.
On the Map
$8,000,000
$629/SF
Retail
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Players
Miami Beach 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93