facebook
Traded Co logo
Submit

Rental Asset Management Acquires Multifamily Property In Little Havana For $30.1M

Property Image
SOLD
$30,100,000

Florida

See Similar Deals
MultiFamily126,897 SF
Sold 04/26/2022
the dealplayerscompscontact
Property Image
SOLD

Rental Asset Management Acquires Multifamily Property In Little Havana For $30.1M

35 Southwest 6th Avenue, Miami, Florida 33130, United States

See Similar Deals
MultiFamily126,897 SF
Sold 04/26/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:126,897 SF
Transaction Type:Sale

A multifamily property located at 35 SW 6th Avenue in the Little Havana market has been sold. The transaction took place on April 26, 2022, and the property was acquired by Rental Asset Management for a total price of $30,100,000. The property consists of 100 units, with a per unit price of $301,000. The total square footage of the property is 126,897, resulting in a price per square foot of $237.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $30,100,000
  • Units: 100
  • Price per Unit: $301,000
  • Total Square Footage: 126,897
  • Price per Square Foot: $237
  • Market: Little Havana

Rental Asset Management, represented by German Guzman and Axel Jordan, acted as the buyer in the transaction. On the other hand, Eastern Atlantic Land Development, represented by Eric Milne, was the seller. The successful completion of this deal highlights the expertise and professionalism of all the individuals and companies involved.

Players

BUYER

2 deals$50.1M volume
BUYER

Details

SOLD
IMAGE: 04/26/2022 ADDRESS: 35 SW 6th Avenue MARKET: Little Havana ASSET TYPE: Multifamily BUYER: Rental Asset Management - German Guzman & Axel Jordan SELLER: Eastern Atlantic Land Development - Eric Milne SALE PRICE: $30,100,000 UNITS: 100 ~ PPU: $301,000 SF: 126,897 ~ PPSF: $237

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,605,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,938.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,689.36
Annual Debt Service$1,712,272.28