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2120 Southwest 32nd Avenue,...

Henry Torres Acquires Store On SW 32nd Ave In Miami For $11.2M
SOLDRetail

Henry Torres Acquires Store On SW 32nd Ave In Miami For $11.2M

2120 Southwest 32nd Avenue, Miami, Florida 33145, United States

$11,200,000

$517/SF

Building Size

21,648 SF

Asset Type

Retail

Closing

May 31, 2022

AI

Located at 2120 SW 32nd Ave in Miami, FL, this store property was recently sold in a closed transaction. The property spans a total area of 21,648 square feet, with a price per square foot of $517. The sale took place on 06/01/2022, making it a significant transaction in the market.

Summary of transaction details

  • Property Type: Store
  • Transaction Amount: $11,200,000
  • Address: 2120 SW 32nd Ave, Miami, FL
  • Market: Miami, FL
  • Buyer: Henry Torres
  • Seller: Ricardo Bichara

Henry Torres acted as the buyer in this transaction, while Ricardo Bichara represented the seller. The sale price of $11,200,000 signifies a valuable investment in this store property, reflecting the desirability of the location and potential for future growth. The deal was successfully closed on 06/01/2022, demonstrating the expertise and negotiation skills of Henry Torres as a buyer's representative.

Players

Henry Torres

Buyer

$226.6M

vol

7 deals

Buyer

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93