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
About this deal
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.
On the Map
$6,050,000
$765/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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93