SOLDRetail
Sherpa Consultancy Group Sells Miami Retail For $1.1M
$1,100,000
$261/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
Jun 23, 2023
AI
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
Miami 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93