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1801 West Flagler Street

Carlos J. Canal Purchases Retail Property At 1801 West Flagler Street For $1.125M
SOLDRetail

Carlos J. Canal Purchases Retail Property At 1801 West Flagler Street For $1.125M

1801 West Flagler Street

$1,125,000

$297/SF

Building Size

3,780 SF

Asset Type

Retail

Closing

Jan 21, 2025

AI

The property asset involved in this transaction is located at 1801 West Flagler Street in the Miami market. This retail asset features a sale price of $1,125,000 and encompasses an area of 3,780 square feet, yielding a price per square foot of $297.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,125,000
  • Address: 1801 West Flagler Street
  • Market: Miami
  • Square Footage: 3,780
  • Price per Square Foot: $297
  • Buyer: Carlos J. Canal
  • Seller: Alexander Fox
  • Buyer's Representative: Alessandro Lima - Fausto Commercial Realty Consultants
  • Seller's Representatives: Jonathan De La Rosa, Eduardo Toledo & Nicholas Hassan - Marcus & Millichap

The transaction involved key individuals such as the buyer, Carlos J. Canal and the seller, Alexander Fox. The representatives for the buyer from Fausto Commercial Realty Consultants included Alessandro Lima, while the seller was represented by Jonathan De La Rosa, Eduardo Toledo, and Nicholas Hassan from Marcus & Millichap.

Players

Alessandro Lima

Compass

Broker

$105M

vol

28 deals

Broker
Fausto Commercial Realty Consultants
Fausto Commercial Realty ConsultantsBrokerage

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93