facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Church

/

Sale

/

511 Northwest 4th Street

Roman Jones Acquires Church In Miami From Trinity Christian Episcopal Church For $2.5M
SOLDChurch

Roman Jones Acquires Church In Miami From Trinity Christian Episcopal Church For $2.5M

511 Northwest 4th Street

$2,500,000

$634/SF

Building Size

3,941 SF

Asset Type

Church

Closing

Dec 6, 2024

AI

The property involved in this transaction is a church located at 511 Northwest 4th Street in the Miami market. The asset encompasses a total square footage of 3,941 and was sold for a price of $2,500,000, translating to a price per square foot of $634.

Summary of transaction details:

The transaction involved key players, including the buyer Roman Jones, who acquired the property from the Trinity Christian Episcopal Church of Miami. The buyers were represented by Christian Arrabal from AdviseCRE, while Greg Greer from Charles Rutenberg Realty represented the seller in this deal.

Players

Greg Greer PA

CRR of South Florida

Broker

$139M

vol

3 deals

Broker

Miami Church Market Snapshot

Boundary boundary · Church · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93