Alvaro Rojas Acquires Retail Property In Miami For $10.5M
151 NW 24th St, Miami, FL, USA
$10,500,000
$1,624/SF
Building Size
6,465 SF
Asset Type
Retail
Closing
Sep 13, 2021
About this deal
AI
The retail property located at 151 NW 24th St in Miami has been sold in a recent transaction. The property spans a total of 6,465 square feet and was sold for a price of $10,500,000, resulting in a price per square foot of $1,624.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,500,000
- Address: 151 NW 24th St, Miami
- Market: Miami
The buyer of the property is Alvaro Rojas, while the seller is Jeremy Rincon. The transaction was successfully completed between these two parties.
Players
Miami 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93