Kai Liebert Acquires Retail Property In Miami For $4.7M
128 Northeast 1st Avenue, Miami, Florida 33132, United States
$4,700,000
$373/SF
Building Size
12,585 SF
Asset Type
Commercial
Closing
May 15, 2022
AI
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.
Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93