Jose Herrera Paez Acquires Vacant Commercial Property From Jerome Hollo In Miami,FL For $5.8M
SOLD
$5,800,000
Florida
See Similar DealsCommercial
Sold 10/12/2022
SOLD
Jose Herrera Paez Acquires Vacant Commercial Property From Jerome Hollo In Miami,FL For $5.8M
137 Northeast 79th Street, Miami, Florida 33138, United States
See Similar DealsCommercial
Sold 10/12/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
Located at 137 NE 79th St in Miami, FL, this vacant commercial property was recently sold in a transaction on October 12, 2022. The property was purchased by Jose Herrera Paez from the seller, Jerome Hollo, for a total price of $5,800,000.
Summary of transaction details:
- Property Type: Vacant Commercial
- Transaction Amount: $5,800,000
- Address: 137 NE 79th St, Miami, FL
- Market: Miami, FL
This transaction highlights the involvement of key individuals in the deal, with Jose Herrera Paez representing the buyer and Jerome Hollo as the seller. Both parties, along with their respective representatives, played crucial roles in the successful completion of this sale.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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