Juan Jose Velasquez & Margarita Sanclemente Acquires Retail Property In Miami For $4.05M
1520 Alton Road, Miami Beach, FL 33139, USA
$4,050,000
$540/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Sep 22, 2021
AI
The retail property located at 1520 Alton Rd. Miami Beach Fl 33139 has been sold for $4,050,000. The transaction took place on 09/22/2021 in the Miami market. The property spans 7,500 square feet, resulting in a price per square foot of $540.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,050,000
- Square Footage: 7,500
- Price per Square Foot: $540
- Address: 1520 Alton Rd. Miami Beach Fl 33139
- Market: Miami
Margarita Sanclemente and Juan Jose Velasquez from Sanclemente Group Miami represented both the buyer and seller in this deal.
Players
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93