Rodrigo Hipolito Castro Acquires Store On 18050 W Dixie Hwy For $2.25M
18050 West Dixie Highway, North Miami Beach, Florida 33160, United States
$2,250,000
$438/SF
Building Size
5,129 SF
Asset Type
Retail
Closing
Mar 22, 2022
About this deal
AI
The closed property transaction took place on March 23, 2022, at 18050 W Dixie Hwy in North Miami Beach, FL. The asset involved in this transaction is a store, spanning 5,129 square feet. The sale price amounted to $2,250,000, resulting in a price per square foot of $438.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,250,000
- Address: 18050 W Dixie Hwy, North Miami Beach, FL
- Market: North Miami Beach, FL
- Buyer: Rodrigo Hipolito Castro
- Seller: Alexander Kaller & Yechezkel Altein
- Square Footage: 5,129
Rodrigo Hipolito Castro acted as the buyer in this transaction, while Alexander Kaller & Yechezkel Altein represented the seller's interests. The deal showcases the active participation of key individuals and companies in this closed property transaction.
Players
North Miami Beach 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93