Omar Rodriguez Acquires Retail Property In Miami For $1.05M
1401 Southwest 17th Avenue
$1,050,000
$219/SF
Building Size
4,774 SF
Asset Type
Retail
Closing
Jun 28, 2023
About this deal
AI
A retail property located at 1401 Southwest 17th Avenue in Miami has been sold for $1,050,000. The property spans a total area of 4,774 square feet, resulting in a price per square foot of $220. The transaction took place on 06/28/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,050,000
- Square Footage: 4,774
- Price per Square Foot: $220
- Address: 1401 Southwest 17th Avenue, Miami
Omar Rodriguez has purchased the property from Synthia Karlin. The buyer was represented by Carlos Fausto Miranda and Alessandro Lima from Fausto Commercial Realty Consultants.
Players
Market 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93