Greg Mirmelli Acquires Retail Property In Miami Beach For $4.5M
800 Collins Avenue, Miami Beach, FL, USA
$4,500,000
$448/SF
Building Size
10,026 SF
Asset Type
Retail
Closing
Mar 23, 2021
About this deal
AI
The retail property located at 800 Collins Avenue in Miami Beach has been sold for $4,500,000. The sale was completed on March 24, 2021, and the transaction involved a total area of 10,026 square feet. The price per square foot for this transaction was $449. The buyer of the property was Greg Mirmelli, while the seller was 800 Collins Ave LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 800 Collins Avenue, Miami Beach
- Market: Miami Beach
- Area: 10,026 square feet
- Price per Square Foot: $449
Greg Mirmelli represented himself as the buyer in this transaction, and 800 Collins Ave LLC acted as the seller's representative.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93