Eli Dadon Acquires Retail Property In North Miami For $2.65M
SOLD
$2,650,000
Florida
See Similar DealsRetail20,156 SF
Sold 02/14/2020
SOLD
Eli Dadon Acquires Retail Property In North Miami For $2.65M
13621 NW 7th Ave, North Miami, FL, USA
See Similar DealsRetail20,156 SF
Sold 02/14/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$131
Total Square Footage:20,156 SF
Transaction Type:Sale
The retail property located at 13621 NW 7th Ave, North Miami, was sold on February 14, 2020. The property, spanning 20,156 square feet, was transacted at a price of $2,650,000, equating to a price per square foot of $131. The sellers, Roberta & Marlene Miller, successfully closed the deal with the buyer, Eli Dadon.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,650,000
- Address: 13621 NW 7th Ave, North Miami
- Market: North Miami
- Square Footage: 20,156
- Price Per Square Foot: $131
Eli Dadon, representing the buyer's side, was instrumental in the completion of this transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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