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Moishe Mana Acquires Retail Property In Miami For $7.3M

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SOLD
$7,300,000

Florida

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Retail10,600 SF
Sold 05/26/2022
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Property Image
SOLD

Moishe Mana Acquires Retail Property In Miami For $7.3M

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

See Similar Deals
Retail10,600 SF
Sold 05/26/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$688
Total Square Footage:10,600 SF
Transaction Type:Sale

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

26 deals$866.6M volume
BROKER

Moishe Mana
26 deals$866.6M volume
BUYER

Moishe Mana
26 deals$866.6M volume
BUYER

Moishe Mana
26 deals$866.6M volume
BUYER

Details

SOLD
IMAGE: Moishe Mana DATE: 05/26/2022 ADDRESS: 118 Flagler Street MARKET: Miami ASSET TYPE: Retail BUYER: Moishe Mana (@MoisheMana) SELLER: M. O. M. Realty Corp - Marshall Kaplan & Olivia Halpern SALE PRICE: $7,300,000 SF: 10,600 ~ PPSF: $689

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
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