Tomas Pequeno Acquires Retail Property In Miami For $2.48M
10705 West Flagler Street
$2,481,562
$773/SF
Building Size
3,207 SF
Asset Type
Retail
Closing
Nov 14, 2023
About this deal
AI
The retail property located at 10705 West Flagler Street in Miami has been sold in a transaction. The property spans 3,207 square feet and was sold for a price of $2,481,562, which was the same as the asking price. The property has a capitalization rate of 5.25%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,481,562
- Address: 10705 West Flagler Street
- Market: Miami
The buyer of the property is Tomas Pequeno, while Ana C. and Juan Aguiar are the sellers. Jonathan De LaRosa from Marcus & Millichap represented the buyer, and Kevin Yaryan from SRS Real Estate Partners represented the sellers in this deal.
On the Map
$2,481,562
$773/SF
Retail
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Players
Miami 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
6.39%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93