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Vatche Tawilian's Tanting Miami LLC Acquires Retail Building In Miami For $2.11M
SOLD
$2,110,000
Florida
See Similar DealsRetail7,524 SF
Sold 04/09/2025
SOLD
Vatche Tawilian's Tanting Miami LLC Acquires Retail Building In Miami For $2.11M
1707 Southwest 5th Street
See Similar DealsRetail7,524 SF
Sold 04/09/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$280
Total Square Footage:7,524 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,496.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,002.48
Annual Debt Service$120,029.72
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