Shaul Kuba And Avi Shemesh Acquire Mixed-Use Property In Miami's Wynwood Square For $71.2M
FINANCED
$71,200,000
Florida
See Similar DealsMixed-use87,502 SF
Financed 04/03/2019
FINANCED
Shaul Kuba And Avi Shemesh Acquire Mixed-Use Property In Miami's Wynwood Square For $71.2M
2201 N Miami Ave, Wynwood, Miami, FL, USA
See Similar DealsMixed-use87,502 SF
Financed 04/03/2019
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$813
Total Square Footage:87,502 SF
Transaction Type:Loan
Shaul Kuba and Avi Shemesh secured a loan for a mixed-use property in Wynwood Square, Miami. The property is located at 2201 North Miami Ave and spans 87,502 square feet. The loan was provided by Sumitomo Mitsui Banking Corp. The total loan amount is $71,200,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $71,200,000
- Date: 04/03/2019
- Market: Wynwood Square
- City: Miami
The landlords of the property are CIM Group and One Real Estate Investment.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$71,200,000.00
Monthly NOI$474,666.67
Monthly Debt Service$450,032.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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