Dacra L Catterton Brookfield Properties Acquire Retail Asset In Miami For $18M
80 Ne 40th St
$18,000,000
$6,524/SF
Building Size
2,759 SF
Asset Type
Retail
Closing
Mar 5, 2024
About this deal
AI
The asset involved in this transaction is a retail property located at 80 Ne 40th St in the Miami market. The sale was finalized for a total of $18,000,000.00, encompassing a square footage of 2759.04.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000.00
- Address: 80 Ne 40th St
- Market: Miami
- Square Footage: 2759.04
- Buyer: Dacra, L Catterton, Brookfield Properties, and Brookfield
- Seller: ASG Equities, LLC
- Brokers: Tony Arellano - DWNTWN Realty Advisors
The transaction was represented by Tony Arellano from DWNTWN Realty Advisors, who facilitated the deal on behalf of the buyer and the seller. The involvement of multiple buyers illustrates a collaborative acquisition strategy from prominent investment firms.
On the Map
$18,000,000
$6,524/SF
Retail
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Players
Miami 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93