Juan Jose Velasquez & Margarita Sanclemente Acquires Retail Property In Miami For $4.05M
SOLD
$4,050,000
Florida
See Similar DealsRetail7,500 SF
Sold 09/22/2021
SOLD
Juan Jose Velasquez & Margarita Sanclemente Acquires Retail Property In Miami For $4.05M
1520 Alton Road, Miami Beach, FL 33139, USA
See Similar DealsRetail7,500 SF
Sold 09/22/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$540
Total Square Footage:7,500 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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