Mercedes Dapena Acquires Store In Miami,FL For $2.56M
10750 Northwest 23rd Street, Miami, Florida 33172, United States
$2,562,500
$428/SF
Building Size
5,984 SF
Asset Type
Retail
Closing
Mar 22, 2022
About this deal
AI
The property involved in this closed transaction is a store located at 10750 NW 23rd St in Miami, FL. This store spans across 5,984 square feet and was sold for a price of $2,562,500, resulting in a price per square foot of $428.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $2,562,500
- Square Footage: 5,984
- Price Per Square Foot: $428
- Address: 10750 NW 23rd St, Miami, FL
- Market: Miami, FL
The buyer of the store is Mercedes Dapena, while the seller is Imperio Auto Repair Corp. Both parties were represented in the transaction by their respective brokers.
Players
Sweetwater 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
6.19%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93