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
About this deal
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.
On the Map
$11,200,000
$517/SF
Retail
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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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93