Alexis Tejada Acquires Retail Property In Miami From Ellen Burne For $1.7M. Marcus & Millichap Brokers The Deal
1601 Southwest 67th Avenue
$1,700,000
$324/SF
Building Size
5,246 SF
Asset Type
Retail
Closing
Dec 12, 2022
About this deal
AI
The retail property located at 1601 Southwest 67th Avenue in Miami has been sold in a recent transaction. The property spans 5,246 square feet and was sold for a price of $1,700,000, resulting in a price per square foot of $324.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,700,000
- SF: 5,246
- PPSF: $324
The buyer of this retail property is Alexis Tejada, while the seller is Ellen Burne. The transaction was facilitated by Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap, who represented the respective parties involved in the deal.
Miami 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93