Philip J Morgan & Evan Schlecker Acquire Religious Institution In Miami For $8.3M
590 Northwest 159th Street, Miami, Florida 33169, United States
$8,285,000
$598/SF
Building Size
13,836 SF
Asset Type
—
Closing
Jul 4, 2022
About this deal
AI
The religious institution located at 590 NW 159th St in Miami, FL has been sold for $8,285,000. The property spans 13,836 square feet, resulting in a price per square foot of $598.
Summary of Transaction Details:
- Property Type: Religious Institutions
- Transaction Amount: $8,285,000
- Address: 590 NW 159th St, Miami, FL
- Square Footage: 13,836
- Price per Square Foot: $598
Philip J Morgan and Evan Schlecker have purchased the religious institution from David Betzer.
The commercial sale at 590 Northwest 159th Street, Miami, Florida 33169, United States in Miami, Florida sold for $8.3M in 2022. The building is 13,836 square feet, implying about 598 per square foot on the published price. This page is the Miami, Florida file for the 590 Northwest 159th Street, Miami, Florida 33169, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami sit in the Market section below. Filter that Miami commercial set by closing date to see what else sold near 590 Northwest 159th Street, Miami, Florida 33169, United States around 2022. Published consideration for 590 Northwest 159th Street, Miami, Florida 33169, United States is $8.3M, dated 2022. Cite this Philip J Morgan & Evan Schlecker Acquire Religious Institution In Miami For $8.3M sale when underwriting similar commercial product around Miami, Florida.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93