801 Arthur Godfrey Ltd Acquires Retail Property In Miami For $6.8M
87 Southwest 24th Street, Coral Gables, Florida 33155, United States
$6,800,000
$747/SF
Building Size
9,097 SF
Asset Type
Retail
Closing
Jan 3, 2022
About this deal
AI
A retail property located at 87 Coral Way in Miami has been sold in a transaction that closed on January 4, 2022. The property spans a total of 9,097 square feet and was sold for a price of $6,800,000, resulting in a price per square foot of $747.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,800,000
- Address: 87 Coral Way, Miami
- Market: Miami
The buyer in the transaction was 801 Arthur Godfrey Ltd, while the seller was 93 Mm Holdings Lp.
Players
Coral Gables 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93