Asaf Cymbal & Hector Torres Acquire Athletic Facilities In Miami Gardens, FL For $15.5M
SOLD
$15,515,500
Florida
See Similar DealsOther5,000 SF
SOLD
Asaf Cymbal & Hector Torres Acquire Athletic Facilities In Miami Gardens, FL For $15.5M
20775 Northwest 17th Avenue, Miami Gardens, Florida 33056, United States
See Similar DealsOther5,000 SF
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$3,103
Total Square Footage:5,000 SF
Transaction Type:Sale
The athletic facilities located at 20775 NW 17th Ave in Miami Gardens, FL have been sold in a transaction that closed on June 14, 2022. The property spans 5,000 square feet and was sold for a price of $15,515,500, resulting in a price per square foot of $3,103. The buyer of the property is Asaf Cymbal & Hector Torres, while the seller is Britton Winterer.
Summary of transation details
- Property Type: Athletic Facilities
- Transaction Amount: $15,515,500
- Address: 20775 NW 17th Ave, Miami Gardens, FL
- Square Footage: 5,000
- Price per Square Foot: $3,103
- Buyer: Asaf Cymbal & Hector Torres
- Seller: Britton Winterer
Asaf Cymbal & Hector Torres are the buyers of the property, while Britton Winterer is the seller. They were represented by their respective brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$827,493.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,123.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,551.39
Annual Debt Service$882,616.63
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