Manny Varas Acquires Retail Property In Miami, FL For $3.3M
1 South Royal Poinciana Boulevard, Miami Springs, Florida 33166, United States
$3,300,000
$250/SF
Building Size
13,173 SF
Asset Type
Retail
Closing
Jan 19, 2022
AI
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.
Miami Springs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93