2020 79 Investment Acquires Miami Retail Property For $4.15M
7870 West Flagler Street, Miami, FL, USA
$4,150,000
$443/SF
Building Size
9,352 SF
Asset Type
Retail
Closing
Jan 20, 2021
AI
The retail property located at 7870 Flagler St in Miami has been sold for a total of $4,150,000. The transaction took place on January 21, 2021. The property spans an area of 1 acre and is situated in the Miami market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,150,000
- Date: 01/21/2021
- Address: 7870 Flagler St
- Market: Miami
- Acres: 1
The buyer, 2020 79 Investment, acquired the property for the purpose of establishing a Wawa store. The seller, 7870 Investments, successfully closed the transaction. The brokers involved in the deal were Luis Dominguez from Douglas Elliman and Gabriel Reategui from Reategui Real Estate.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93