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
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