Rafael Vasquez Acquires Retail Property In Miami Gardens For $5.7M
19801 NW 27th Ave, Miami Gardens, FL 33056, USA
$5,700,000
$62/SF
Building Size
90,960 SF
Asset Type
Retail
Closing
May 4, 2020
About this deal
AI
The retail property located at 19801 NW 27th Ave in Miami Gardens has been sold in a closed transaction. The property spans across 9,096 square feet and was sold for a price of $5,700,000. This amounts to a price per square foot of $626.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 19801 NW 27th Ave
- Market: Miami Gardens
- Square Footage: 9,096
- Price Per Square Foot: $626
The buyer in this transaction is Rafael Vasquez, while the seller is James E. Archer.
On the Map
$5,700,000
$62/SF
Retail
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Players
Miami Gardens 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93