Slate Asset Management Acquires Retail Property In Miramar For $18.75M
9907 Miramar Parkway, Miramar, Florida 33023, United States
$18,750,000
$194/SF
Building Size
96,649 SF
Asset Type
Retail
Closing
Aug 8, 2022
About this deal
AI
The retail property located at 9907 Miramar Parkway in Miramar has been sold in a recent transaction. The property spans over 8.6 acres and is situated in the Miramar market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,750,000
- Address: 9907 Miramar Parkway
- Market: Miramar
- Size: 96,649 square feet
- Price per square foot: $194
The buyer of the property is Slate Asset Management, represented by Blair Welch and Brady Welch. On the other hand, the seller of the property is Site Centers Corp., with David Lukes as their representative in the transaction.
Miramar 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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93