Influencers Realty Group Acquires Mixed-Use Property In North Miami For $2.7M
125 NE 119th St, North Miami, FL, USA
$2,700,000
$28/SF
Building Size
93,338 SF
Asset Type
Mixed-use
Closing
Sep 23, 2021
About this deal
AI
A mixed-use property located at 125 NE 119 St in North Miami has recently been sold. The property, with a total square footage of 93,338, was listed with an asking price of $3,140,000. The sale was finalized at a price of $2,700,000, resulting in a price per square foot of $29.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Address: 125 NE 119 St, North Miami
- Market: North Miami
The transaction was facilitated by Phillip S. Calloway, MS of Influencers Realty Group, LLC, who served as the broker representing the deal.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93