Esteban Madruga Acquires Retail Property On Del Prado Boulevard South In Miami For $1.775M
SOLD
$1,775,000
Florida
See Similar DealsRetail9,393 SF
Sold 12/01/2023
SOLD
Esteban Madruga Acquires Retail Property On Del Prado Boulevard South In Miami For $1.775M
2104 Del Prado Boulevard South
See Similar DealsRetail9,393 SF
Sold 12/01/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$189
Total Square Footage:9,393 SF
Transaction Type:Sale
A retail property located at 2104 Del Prado Boulevard South in Miami has been sold in a recent transaction. The property spans 9,393 square feet and was sold at a price of $1,775,000, resulting in a price per square foot of $189. The transaction took place on 12/01/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,775,000
- Address: 2104 Del Prado Boulevard South, Miami
- Market: Miami
The buyer in this transaction was Esteban Madruga, while the seller was Mark Foster. Jonathan De LaRosa from Marcus & Millichap represented the buyer, Esteban Madruga, in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,306.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,414.41
Annual Debt Service$100,972.87
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