Karim Mamri Acquires Special Purpose Property In Pensacola For $2.7M With Elio Serpa - WRA Business & Real Estate As The Broker
6403 North 9th Avenue, Pensacola, Florida 32504, United States
$2,700,000
$171/SF
Building Size
15,713 SF
Asset Type
—
Closing
Aug 3, 2022
About this deal
AI
The special purpose property located at 6403 N 9th Ave in Pensacola has been sold for $2,700,000. The transaction took place on 08/04/2022 and the property spans across 15,713 square feet, resulting in a price per square foot of $172. The buyer of the property is Karim Mamri, while the seller is Deena Rogers. The deal was facilitated by Elio Serpa from WRA Business & Real Estate.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $2,700,000
- Address: 6403 N 9th Ave, Pensacola
- Market: Pensacola
- Square Footage: 15,713 SF
- Buyer: Karim Mamri
- Seller: Deena Rogers
- Broker: Elio Serpa - WRA Business & Real Estate
Elio Serpa from WRA Business & Real Estate played a pivotal role in facilitating the transaction between Karim Mamri and Deena Rogers. This successful deal marks the acquisition of a special purpose property in Pensacola, providing both the buyer and the seller with a valuable asset.
Players
Pensacola CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93