Heriberto Cazanas & Magaly Sosa Acquire Vacant Property In Miami, FL For $2.825M
SOLD
$2,825,000
Florida
See Similar DealsOther6,550 SF
Sold 03/28/2022
SOLD
Heriberto Cazanas & Magaly Sosa Acquire Vacant Property In Miami, FL For $2.825M
8201 Southwest 58th Street, Miami, Florida 33143, United States
See Similar DealsOther6,550 SF
Sold 03/28/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$431
Total Square Footage:6,550 SF
Transaction Type:Sale
The property involved in this closed transaction is an Other Vacant asset located at 8201 SW 58th St in Miami, FL. The transaction took place on 03/28/2022. The property was sold by Ernesto Gonzalez to Heriberto Cazanas & Magaly Sosa for a price of $2,825,000.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $2,825,000
- Address: 8201 SW 58th St, Miami, FL
- Market: Miami, FL
Heriberto Cazanas & Magaly Sosa acted as the buyers in this transaction, while Ernesto Gonzalez was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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