Vatche Tawilian's Tanting Miami LLC Acquires Retail Building In Miami For $2.11M
1707 Southwest 5th Street
$2,110,000
$280/SF
Building Size
7,524 SF
Asset Type
Retail
Closing
Apr 9, 2025
AI
A 7,524 square foot single-story retail building located at 1707 Southwest 5th Street in Miami has been sold for $2,110,000, which translates to $280 per square foot. The property spans an area of 0.28 acres.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,110,000
- Address: 1707 Southwest 5th Street
- Market: Miami
- Square Footage: 7,524 SF
- Price per Square Foot: $280
- Buyer: Vatche Tawilian - Tanting Miami LLC
- Seller: Arturo Ortega Gonzalez - Monemvasia LLC
- Broker: Alessandro Lima - Fausto Commercial Realty Consultants
- Acquisition Year by Seller: 2018
- Previous Sale Price by Seller: $1,050,000
The transaction was facilitated by Alessandro Lima of Fausto Commercial Realty Consultants, representing the buyer, Tanting Miami LLC, in acquiring the property from seller Monemvasia LLC. This sale marks a significant value increase since the seller's previous purchase in 2018.
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
7.52%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93