Kai Liebert Acquires Retail Property In Miami For $4.7M
SOLD
$4,700,000
Florida
See Similar DealsCommercial12,585 SF
Sold 05/16/2022
SOLD
Kai Liebert Acquires Retail Property In Miami For $4.7M
128 Northeast 1st Avenue, Miami, Florida 33132, United States
See Similar DealsCommercial12,585 SF
Sold 05/16/2022
Summary
FLORIDA
Asset Type:Commercial
Price Per Square Foot:$373
Total Square Footage:12,585 SF
Transaction Type:Sale
Located at 128 NE 1st Ave in Miami, this retail property was recently sold in a transaction facilitated by Jonathan De La Rosa, Brandon Holmes, and Rapha Hillis of Marcus & Millichap. The sale took place on 05/16/2022, with a sale price of $4,700,000.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $4,700,000
- Square Footage: 12,585
- Price per Square Foot: $373
- Buyer: Kai Liebert
- Seller: Rene Rosa
Kai Liebert acquired this retail property in Miami, establishing a successful deal with Rene Rosa. The transaction was facilitated by Jonathan De La Rosa, Brandon Holmes, and Rapha Hillis of Marcus & Millichap, who represented the respective parties in the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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