LNDMRK And Tricera Capital Acquire Retail Property In Miami Shores For $4M
9020 Biscayne Blvd, Miami Shores, FL 33138, USA
$4,000,000
$263/SF
Building Size
15,206 SF
Asset Type
Retail
Closing
Sep 29, 2020
About this deal
AI
An 15,206 square feet retail property located at 9020 Biscayne Blvd. in Miami Shores has been sold for a price of $4,000,000. The property was purchased by LNDMRK represented by Alex Karakhanian and Tricera Capital represented by Scott Sherman. The seller of the property was Forgson/Tri Realty. The transaction was facilitated by brokers Miguel Pinto and Jamie Maniscalco from Apex Capital Realty.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 15,206
- Price per Square Foot: $263
- Address: 9020 Biscayne Blvd.
- Market: Miami Shores
The retail property on 9020 Biscayne Blvd. in Miami Shores, with a total area of 15,206 square feet, was sold for a price of $4,000,000. LNDMRK, represented by Alex Karakhanian, and Tricera Capital, represented by Scott Sherman, acquired the property from Forgson/Tri Realty. The buyer's agents, Miguel Pinto and Jamie Maniscalco from Apex Capital Realty, facilitated the transaction.
Players
Miami Shores 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93