Mario Interian Acquires Retail Property From Edward & Jeanine Kassab For $2.3M In Miami
SOLD
$2,300,000
Florida
See Similar DealsRetail6,426 SF
Sold 02/28/2025
SOLD
Mario Interian Acquires Retail Property From Edward & Jeanine Kassab For $2.3M In Miami
1667 Southwest 67th Avenue
See Similar DealsRetail6,426 SF
Sold 02/28/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$357
Total Square Footage:6,426 SF
Transaction Type:Sale
The retail property located at 1667-1671 Southwest 67th Avenue in Miami has been sold for a transaction amount of $2,300,000. The asset encompasses a total square footage of 6,426 and has a price per square foot of $357.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Square Footage: 6,426
- Price per Square Foot: $357
- Buyer: Mario Interian
- Seller: Edward & Jeanine Kassab
- Broker Representatives: Jonathan De La Rosa, Eduardo Toledo & Nicholas Hassan - Marcus & Millichap
- Date of Transaction: 02/28/2025
The transaction was facilitated by the brokerage team from Marcus & Millichap, which included Jonathan De La Rosa, Eduardo Toledo, and Nicholas Hassan, representing the parties in this retail sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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