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Sherpa Consultancy Group Sells Miami Retail For $1.1M

Property Image
SOLD
$1,100,000

Florida

See Similar Deals
Retail4,200 SF
Sold 06/23/2023
the dealplayerscompscontact
Property Image
SOLD

Sherpa Consultancy Group Sells Miami Retail For $1.1M

Retail4,200 SF
Sold 06/23/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$261
Total Square Footage:4,200 SF
Transaction Type:Sale

An undisclosed retail property in Miami has been sold for $1,100,000. This property spans across 4,200 square feet, resulting in a price per square foot of $262.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $1,100,000
  • SF: 4,200
  • PPSF: $262
  • Market: Miami

The sale of this retail property was facilitated by broker Ilan Sitt from Sherpa Consultancy Group. With expertise in the Miami market, Sitt successfully closed the deal, representing either the buyer or the seller.

Players

Ilan Sitt
Sherpa Consultancy
Ilan Sitt
4 deals$2M volume(305) 776-5264
BROKER

Details

SOLD
IMAGE: Ilan Sitt DATE: 06/23/2023 MARKET: Miami ASSET TYPE: Retail BROKER: Ilan Sitt (@ilansitt) - Sherpa Consultancy Group (@sherpaconsultancy) SALE PRICE: $1,100,000 SF: 4,200 ~ PPSF: $262

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
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