Suzette Ruiz & Bernie Montero Acquire Religious Institution In Miami, FL For $6.35M
5859 Southwest 16th Street, Miami, Florida 33155, United States
$6,350,000
$470/SF
Building Size
13,511 SF
Asset Type
Other
Closing
Apr 21, 2022
About this deal
AI
The religious institution located at 5859 Sw 16th St in Miami, FL was recently sold in a closed transaction. The property spans 13,511 square feet and was sold for a price of $6,350,000, resulting in a price per square foot of $469.
Summary of transation details
- Property Type: Religious Institutions
- Transaction Amount: $6,350,000
- Address: 5859 Sw 16th St, Miami, FL
- Market: Miami, FL
- Buyer: Suzette Ruiz & Bernie Montero
- Seller: Oscar G. Mina-Saavedra
- Square Footage: 13,511
- Price per Square Foot: $469
Suzette Ruiz and Bernie Montero were the buyers in this transaction, while Oscar G. Mina-Saavedra was the seller.
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93