Pebb Enterprises Buys Property On 698 NE 167th St, Miami For $2.35M
SOLD
$2,350,000
Florida
See Similar Deals5,579 SF
SOLD
Pebb Enterprises Buys Property On 698 NE 167th St, Miami For $2.35M
698 NE 167th St, Miami, FL, 33162
See Similar Deals5,579 SF
Summary
FLORIDA
Price Per Square Foot:$421
Total Square Footage:5,579 SF
Transaction Type:Sale
The property at 698 NE 167th St, Miami, FL, 33162, with a size of 5579 square feet, was sold for $2,350,000.00. The transaction took place in Miami with Lawrence Oxenberg from Berger Commercial Realty representing the seller and Pebb Enterprises as the buyer.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: $2,350,000.00
- Market: Miami
- Seller's Rep: Lawrence Oxenberg(Berger Commercial Realty)
- Buyer: Pebb Enterprises
The deal's key individuals included Lawrence Oxenberg, who represented the seller in the transaction, and the purchasing party, Pebb Enterprises. The sale of this commercial property signifies a significant investment in the Miami market.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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