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
About this deal
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.
Sherpa Consultancy Group Sells Miami Retail For $1.1M is logged as a retail sale on Traded (2023). The building is 4,200 square feet, implying about 261 per square foot on the published price. Ilan Sitt, Sherpa Consultancy appear on the sale alongside Sherpa Consultancy. This page is the market file for the Sherpa Consultancy Group Sells Miami Retail For $1.1M retail sold: pricing, party profiles, and other closed retail comps from the same area sit in the Market section below. Cite this Sherpa Consultancy Group Sells Miami Retail For $1.1M sale when underwriting similar retail product.
Players
Market 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