Nicolas Molina Acquires Retail Property From Atlas Real Estate Partners For $8.47M In Miami
SOLD
$8,470,000
Florida
See Similar DealsRetail
Sold 08/04/2016
SOLD
Nicolas Molina Acquires Retail Property From Atlas Real Estate Partners For $8.47M In Miami
2301 N Miami Ave & 2315 N Miami Ave
See Similar DealsRetail
Sold 08/04/2016
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The property located at 2301 N Miami Ave in Miami is a retail asset that has recently changed ownership. The transaction took place on August 4, 2016, with a final sale price of $8,470,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,470,000.00
- Buyer: Nicolas Molina
- Seller: Atlas Real Estate Partners
- Broker: Tony Arellano, DWNTWN Realty Advisors
In this transaction, Tony Arellano represented the broker side, facilitating the deal between the buyer, Nicolas Molina, and the seller, Atlas Real Estate Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$451,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,092.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,152.12
Annual Debt Service$481,825.45
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