Isael Prieto Facilitates $2.2M Sale Of Mixed-Use Property In Miami Beach
1343 Alton Road
$2,200,000
$293/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Jun 21, 2024
About this deal
AI
The mixed-use property located at 1343 Alton Road in Miami Beach was recently sold for $2,200,000. Spanning 7,500 square feet, the property was sold at a price per square foot of $293, making it a valuable investment in the vibrant Miami Beach market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Market: Miami Beach
- Broker: Isael Prieto - Able CRE; Jorge Gutierrez
- SF: 7,500
- PPSF: $293
Isael Prieto of Able CRE, along with Jorge Gutierrez, facilitated the transaction of the mixed-use property on Alton Road. Their expertise and professionalism were instrumental in successfully closing the deal, showcasing their commitment to delivering top-notch service to their clients.
Players
Miami Beach 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93