Sam Herzbrg Acquires Retail Asset In Miami From Geoffrey Karas For $6.4 Million
SOLD
$6,400,000
+ 1
Florida
See Similar DealsRetail4,890 SF
Sold
SOLD
Sam Herzbrg Acquires Retail Asset In Miami From Geoffrey Karas For $6.4 Million
16001 Southwest 95th Avenue
See Similar DealsRetail4,890 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1308
Total Square Footage:4890 SF
Transaction Type:Sale
The retail property located at 16001 Southwest 95th Avenue in Miami has been sold for $6,400,000. It spans 4,890 square feet, which translates to a price per square foot of $1,308.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,400,000
- Address: 16001 Southwest 95th Avenue
- Market: Miami
- Square Footage: 4,890
- Price per Square Foot: $1,308
- Buyer: Sam Herzbrg
- Seller: Geoffrey Karas
- Brokers: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
Sam Herzbrg acts as the buyer in this transaction while Geoffrey Karas is the seller. The deal was facilitated by the brokerage firm Marcus & Millichap, represented by Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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