Victor Henriquez Acquires Store On Palermo Ave In Miami For $2.25M
216 Palermo Avenue, Miami, Florida 33134, United States
$2,250,000
$1,500/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
May 18, 2022
About this deal
AI
Located at 216 Palermo Ave in Miami, FL, this store is the subject of a recent closed property transaction. The sale took place on 05/19/2022, with Victor Henriquez purchasing the property from Bruno Misuraca for a total price of $2,250,000. The store spans an area of 1,500 square feet, resulting in a price per square foot of $1,500.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,250,000
- Address: 216 Palermo Ave, Miami, FL
- Buyer: Victor Henriquez
- Seller: Bruno Misuraca
- Square Footage: 1,500
- Price Per Square Foot: $1,500
- Market: Miami, FL
This transaction was facilitated by Victor Henriquez, representing the buyer, and Bruno Misuraca, representing the seller. The deal represents a significant milestone for both parties involved.
Players
Coral Gables 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93