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350�sw�15�rd

Francisco Lagos Marmol Acquires MultiFamily Property From Timothy Kingcade For $2,860,000 In Miami
SOLDMultiFamily

Francisco Lagos Marmol Acquires MultiFamily Property From Timothy Kingcade For $2,860,000 In Miami

350�sw�15�rd

$2,860,000

$149/SF

Building Size

19,169 SF

Asset Type

MultiFamily

Closing

Nov 15, 2018

AI

The asset involved in this transaction is a MultiFamily property located at 350 Sw 15 Rd in the Miami market. The property has a total square footage of 19,169 and was sold for $2,860,000.00.

Summary of transaction details:

This transaction involved Francisco Lagos Marmol as the buyer purchasing the property from seller Timothy Kingcade. Arthur Porosoff and Javier Ubeda were the brokers representing the buyer and seller in this deal.

Players

Arthur Porosoff

Broker
Broker

Francisco Lagos Marmol

Buyer

$25M

vol

5 deals

Buyer

Timothy Kingcade

Seller
Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.55%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93