Brian J. Tusa Acquires Store From Alan S. Macken In North Miami Beach, FL For $2.1M
SOLD
$2,129,512
Florida
See Similar DealsRetail6,937 SF
Sold 04/04/2022
SOLD
Brian J. Tusa Acquires Store From Alan S. Macken In North Miami Beach, FL For $2.1M
17035 Northeast 22nd Avenue, North Miami Beach, Florida 33180, United States
See Similar DealsRetail6,937 SF
Sold 04/04/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$307
Total Square Footage:6,937 SF
Transaction Type:Sale
A store located at 17035 W Dixie Hwy in North Miami Beach, FL has been sold in a transaction that closed on April 4, 2022. The property, spanning 6,937 square feet, was sold for a total price of $2,129,512, resulting in a price per square foot of $307.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,129,512
- Address: 17035 W Dixie Hwy, North Miami Beach, FL
- Market: North Miami Beach, FL
- Size: 6,937 square feet
- Buyer: Brian J. Tusa
- Seller: Alan S. Macken
Brian J. Tusa acted as the buyer in this transaction, while Alan S. Macken served as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,573.98
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,565.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,094.97
Annual Debt Service$121,139.68
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