Sandra M Reus Acquires Automotive Property In Miami, FL For $3M
SOLD
$3,000,000
Florida
See Similar DealsRetail2 SF
Sold 11/14/2022
SOLD
Sandra M Reus Acquires Automotive Property In Miami, FL For $3M
1190 NW 72nd Ave, Miami, Florida 33126, United States
See Similar DealsRetail2 SF
Sold 11/14/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,500,000
Total Square Footage:2 SF
Transaction Type:Sale
The automotive property located at 1190 NW 72nd Ave in Miami, FL has been sold on November 14, 2022. The property spans 2,321 square feet and was sold for a price of $3,000,000. The price per square foot was calculated to be $1,292.
Summary of transaction details:
- Property Type: Automotive
- Sale Date: November 14, 2022
- Address: 1190 NW 72nd Ave, Miami, FL
- Buyer: Sandra M Reus
- Seller: Ricardo R Fonseca, III
- Sale Price: $3,000,000
- Square Footage: 2,321
- Price Per Square Foot: $1,292
The buyer of the property is Sandra M Reus, while the seller is Ricardo R Fonseca, III.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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