Nichole Flippen Acquires Bank/Credit Union Property In Miami For $2.9M
10899 Southwest 72nd Street, Miami, Florida 33173, United States
$2,900,000
$213/SF
Building Size
13,611 SF
Asset Type
Retail
Closing
Aug 2, 2022
About this deal
AI
10899 SW 72nd St, Miami, FL, was recently sold in a transaction involving a Bank/Credit Union property. The property spans 13,611 square feet and was purchased for $2,900,000, resulting in a price per square foot of $213.
Summary of transaction details
- Property Type: Bank/Credit Unions
- Transaction Amount: $2,900,000
- Buyer: Nichole Flippen
- Seller: Nathaniel Pesenti
- Address: 10899 SW 72nd St, Miami, FL
- Market: Miami, FL
Nichole Flippen acted as the buyer in this transaction, while Nathaniel Pesenti served as the seller's representative.
Players
Kendall 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93