Mario Interian Acquires Retail Property From Edward & Jeanine Kassab For $2.3M In Miami
1667 Southwest 67th Avenue
$2,300,000
$357/SF
Building Size
6,426 SF
Asset Type
Retail
Closing
Feb 28, 2025
AI
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.
Players
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93