SPMG Holdings Acquires 27,000 SF Mixed-Use Asset In Miami Gardens For $4.08M
SOLD
$4,080,000
Florida
See Similar DealsMixed-use27,000 SF
Sold 02/09/2022
SOLD
SPMG Holdings Acquires 27,000 SF Mixed-Use Asset In Miami Gardens For $4.08M
1160 Northwest 163rd Drive
See Similar DealsMixed-use27,000 SF
Sold 02/09/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$151
Total Square Footage:27,000 SF
Transaction Type:Sale
A mixed-use property located at 1160 NW 163rd Drive in Miami Gardens has been sold for a total price of $4,080,000. The property spans across 1.3 acres and offers a total of 27,000 square feet of space. The sale price equates to $151 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,080,000
- Address: 1160 NW 163rd Drive, Miami Gardens
- Market: Miami Gardens
- Acres: 1.3
The buyer of the property is SPMG Holdings, LLC. Ken Silberling from Levy Realty Advisors represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,495.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,341.28
Annual Debt Service$232,095.38
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