Bryan B. Deboer & Christopher S Holzshu Acquires Automotive Property In Miami For $2.69M
SOLD
Florida
See Similar DealsRetail11,711 SF
Sold 07/05/2022
SOLD
Bryan B. Deboer & Christopher S Holzshu Acquires Automotive Property In Miami For $2.69M
20950 Northwest 2nd Avenue, Miami, Florida 33127, United States
See Similar DealsRetail11,711 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$229
Total Square Footage:11,711 SF
Transaction Type:Sale
The automotive property located at 20950 NW 2nd Ave in Miami, FL has been sold. The transaction took place on July 5, 2022. The property spans a total of 11,711 square feet and was sold at a price of $2,690,000, resulting in a price per square foot of $229. The buyer of the property is Bryan B. Deboer & Christopher S Holzshu, while the seller is William Lehman Jr.
Summary of transaction details
- Property Type: Automotive
- Transaction Amount: $2,690,000
- Square Footage: 11,711
- Price per Square Foot: $229
- Address: 20950 NW 2nd Ave, Miami, FL
- Market: Miami, FL
The deal was facilitated by William Lehman Jr as the seller, while Bryan B. Deboer & Christopher S Holzshu acted as the buyer's representatives in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$143,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,556.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,751.97
Annual Debt Service$153,023.67
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