Lovleen Singh Acquires Store In Miami,FL For $2.3M
16000 Northeast 21st Avenue, North Miami Beach, Florida 33179, United States
$2,300,000
$208/SF
Building Size
11,049 SF
Asset Type
Retail
Closing
Feb 21, 2022
About this deal
AI
The property asset involved in this closed transaction is a Store located at 16000 NE 21st Ave in Miami, FL. The property was sold on February 22, 2022.
Summary of transation details
- Property Type: Store
- Transaction Amount: $2,300,000
- Address: 16000 NE 21st Ave, Miami, FL
- Market: Miami, FL
- Buyer: Lovleen Singh
- Seller: Helmut Tevini
- Square Footage: 11,049
- Price per Square Foot: $208
Lovleen Singh and Helmut Tevini were the key individuals involved in this transaction. Lovleen Singh acted as the buyer and Helmut Tevini as the seller. No additional information about the deal or the individuals involved was provided.
Players
North 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93