Manny Varas Acquires Retail Property In Miami, FL For $3.3M
SOLD
$3,300,000
Florida
See Similar DealsRetail13,173 SF
Sold 01/20/2022
SOLD
Manny Varas Acquires Retail Property In Miami, FL For $3.3M
1 South Royal Poinciana Boulevard, Miami Springs, Florida 33166, United States
See Similar DealsRetail13,173 SF
Sold 01/20/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:13,173 SF
Transaction Type:Sale
The retail property located at 1 S Royal Poinciana Blvd in Miami, FL has been sold in a closed transaction. The property spans 13,173 square feet and was sold for a price of $3,300,000, resulting in a price per square foot of $250.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,300,000
- Square Footage: 13,173
- Price Per Square Foot: $250
- Address: 1 S Royal Poinciana Blvd, Miami, FL
- Market: Miami, FL
The buyer of the property is Manny Varas, while the seller is Mitchel Sabina.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
Is there something missing? Send suggestions