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118 East Flagler Street, Mi...

Moishe Mana Acquires Retail Property In Miami For $7.3M
SOLDRetail

Moishe Mana Acquires Retail Property In Miami For $7.3M

118 East Flagler Street, Miami, Florida 33131, United States

$7,300,000

$688/SF

Building Size

10,600 SF

Asset Type

Retail

Closing

May 25, 2022

AI

The property asset involved in the transaction is located at 118 Flagler Street in Miami, classified as retail space. It was sold for a total price of $7,300,000, encompassing 10,600 square feet, which equates to a price per square foot of $689.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,300,000
  • Square Footage: 10,600
  • Price per Square Foot: $689
  • Buyer: Moishe Mana
  • Seller: M. O. M. Realty Corp - Marshall Kaplan & Olivia Halpern
  • Date of Transaction: 05/26/2022

The transaction featured Moishe Mana as the buyer, while the seller was represented by M. O. M. Realty Corp, specifically by Marshall Kaplan and Olivia Halpern. These key individuals facilitated the deal, ensuring its successful completion.

Players

Moishe Mana

Mana Common

Broker

$869.1M

vol

27 deals

Broker
Moishe Mana

Moishe Mana

Mana Common

Buyer

$869.1M

vol

27 deals

Buyer

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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93