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
About this deal
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
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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