Henry Torres Acquires Store On SW 32nd Ave In Miami For $11.2M
SOLD
$11,200,000
Florida
See Similar DealsRetail21,648 SF
Sold 06/01/2022
SOLD
Henry Torres Acquires Store On SW 32nd Ave In Miami For $11.2M
2120 Southwest 32nd Avenue, Miami, Florida 33145, United States
See Similar DealsRetail21,648 SF
Sold 06/01/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$517
Total Square Footage:21,648 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$597,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,093.71
Annual Debt Service$637,124.57
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