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
About this deal
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.
On the Map
$1,125,000
$297/SF
Retail
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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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93