Vivienne Westwood Acquires Retail Property At 736 Collins Avenue Miami Beach For $6.05M
SOLD
$6,050,000
+ 1
Florida
See Similar DealsRetail7,906 SF
Sold
SOLD
Vivienne Westwood Acquires Retail Property At 736 Collins Avenue Miami Beach For $6.05M
736 Collins Avenue
See Similar DealsRetail7,906 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$765
Total Square Footage:7906 SF
Transaction Type:Sale
The retail asset located at 736 Collins Avenue in Miami Beach has been sold for $6,050,000. The property encompasses a total area of 7,906 square feet, resulting in a price per square foot of $765.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $6,050,000
- Address: 736 Collins Avenue
- Market: Miami Beach
- Square Footage: 7,906
- Price per Square Foot: $765
- Buyer: Vivienne Westwood
- Seller: Jamestown LP
- Buyer's Representative: Juan Andres Nava - Metro 1 Commercial
- Seller's Representatives: Jared Robins, Jordan Gimelstein & David Spitz - Inhouse Commercial
Juan Andres Nava represented Vivienne Westwood in the acquisition, whereas Jared Robins, Jordan Gimelstein, and David Spitz represented Jamestown LP in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$322,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04
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