Heidi Prendes & Raul Nunez Acquire Retail Property In Miami For $22.35M
SOLD
$22,350,000
Florida
See Similar DealsRetail84,814 SF
Sold 04/13/2021
SOLD
Heidi Prendes & Raul Nunez Acquire Retail Property In Miami For $22.35M
16508 SW 88th St, Miami, FL, USA
See Similar DealsRetail84,814 SF
Sold 04/13/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$263
Total Square Footage:84,814 SF
Transaction Type:Sale
The retail property located at 16508 SW 88th St in Miami has been sold for a price of $22,350,000. The property spans a total area of 84,814 square feet, resulting in a price per square foot of $264. The transaction took place on 04/13/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,350,000
- Square Footage: 84,814
- Price per Square Foot: $264
- Address: 16508 SW 88th St, Miami
Heidi Prendes and Raul Nunez served as the buyers in this transaction, while Adam Lazier was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,192,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,404.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,950.40
Annual Debt Service$1,271,404.83
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