Lombardi Properties & Bayshore Investment Partners Sell Retail Property In Miami For $4.6M
SOLD
$4,605,000
Florida
See Similar DealsRetail3,959 SF
Sold 09/22/2020
SOLD
Lombardi Properties & Bayshore Investment Partners Sell Retail Property In Miami For $4.6M
169 Northwest 23rd Street, Miami, FL 33127
See Similar DealsRetail3,959 SF
Sold 09/22/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,163
Total Square Footage:3,959 SF
Transaction Type:Sale
A retail property located at 169 NW 23rd St in Miami has been sold in a recent transaction. The property spans 3,959 square feet and was sold for a total price of $4,605,000, resulting in a price per square foot of $1,163.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,605,000
- Address: 169 NW 23rd St
- Market: Miami
The seller of the property was Lombardi Properties & Bayshore Investment Partners. The transaction was facilitated by brokers Drew A. Kristol and Kirk D. Olson, representing Marcus & Millichap.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,360.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,830.05
Annual Debt Service$261,960.59
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