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Julio A. Fojon Acquires Retail Property In Miami, FL For $3.95M

Property Image
SOLD
$3,950,000

Florida

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Retail14,395 SF
Sold 01/13/2022
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Property Image
SOLD

Julio A. Fojon Acquires Retail Property In Miami, FL For $3.95M

1274 West Flagler Street, Miami, Florida 33135, United States

See Similar Deals
Retail14,395 SF
Sold 01/13/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$274
Total Square Footage:14,395 SF
Transaction Type:Sale

The retail property located at 1274 W Flagler St in Miami, FL has been sold for a price of $3,950,000. The property spans a total area of 14,395 square feet, resulting in a price per square foot of $274.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,950,000

The buyer of the property is Julio A. Fojon, and the seller is Claudia Rasso.

Players

JF
Julio Fojon
3 deals$8.2M volume
BUYER

Details

SOLD
IMAGE: 01/13/2022 ADDRESS: 1274 W Flagler St MARKET: Miami, FL ASSET TYPE: Retail BUYER: Julio A. Fojon SELLER: Claudia Rasso PRICE: $3,950,000 SF: 14,395 ~ PPSF: $274

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18