Vivienne Westwood Acquires Retail Property At 736 Collins Avenue Miami Beach For $6.05M
736 Collins Avenue
$6,050,000
$765/SF
Building Size
7,906 SF
Asset Type
Retail
Closing
Sep 16, 2024
AI
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.
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93