Reynaldo Padron Sr Acquires Retail Property In Miami For $2.5M
2060 Northwest 22nd Avenue, Miami, Florida 33142, United States
$2,500,000
$186/SF
Building Size
13,400 SF
Asset Type
Retail
Closing
Jan 19, 2022
About this deal
AI
The retail property located at 2060 NW 22nd Ave in Miami, FL was recently sold in a closed transaction. The property spans 13,400 square feet and was sold for a total price of $2,500,000, resulting in a price per square foot of $186.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 2060 NW 22nd Ave, Miami, FL
- Market: Miami, FL
The buyer of the property is Reynaldo Padron Sr, while the seller is Julio Piloto.
The retail sale at 2060 Northwest 22nd Avenue, Miami, Florida 33142, United States in Miami, Florida sold for $2.5M in 2022. The building is 13,400 square feet, implying about 186 per square foot on the published price. Named participants on the 2060 Northwest 22nd Avenue, Miami, Florida 33142, United States sale are Julio Piloto. This page is the Miami, Florida file for the 2060 Northwest 22nd Avenue, Miami, Florida 33142, United States retail sold: pricing, party profiles, and other closed retail comps from the same Miami sit in the Market section below. Filter that Miami retail set by closing date to see what else sold near 2060 Northwest 22nd Avenue, Miami, Florida 33142, United States around 2022. Published consideration for 2060 Northwest 22nd Avenue, Miami, Florida 33142, United States is $2.5M, dated 2022. Cite this Reynaldo Padron Sr Acquires Retail Property In Miami For $2.5M sale when underwriting similar retail product around Miami, Florida.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93