Joseph Lehman Acquires Store In Miami, FL For $3M
19321 Northwest 2nd Avenue, Miami, Florida 33169, United States
$3,000,000
$364/SF
Building Size
8,239 SF
Asset Type
Retail
Closing
Sep 27, 2022
About this deal
AI
The property sold in this transaction is a store located at 19321 NW 2nd Ave in Miami, FL. The store has a total area of 8,239 square feet. The transaction took place on September 28, 2022.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $3,000,000
- Price per Square Foot: $364
- Address: 19321 NW 2nd Ave, Miami, FL
- Buyer: Joseph Lehman
- Seller: Angieliz Vazquez
Joseph Lehman acted as the buyer in this transaction, while Angieliz Vazquez was the seller. The property was sold for a total amount of $3,000,000, with a price per square foot of $364.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93