Pebb Enterprises Buys Property On 698 NE 167th St, Miami For $2.35M
698 NE 167th St, Miami, FL, 33162
$2,350,000
$421/SF
Building Size
5,579 SF
Asset Type
—
Closing
Nov 20, 2023
AI
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
Miami 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93