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250 Northwest 24th Street

Azora Exan Acquires Miami Retail Property From Thor Equities For $3.5M
SOLDRetail

Azora Exan Acquires Miami Retail Property From Thor Equities For $3.5M

250 Northwest 24th Street

$3,500,000

$942/SF

Building Size

3,713 SF

Asset Type

Retail

Closing

Dec 7, 2023

AI

A retail property located at 250 Northwest 24th Street in Miami has been sold in a transaction. The property spans 3,713 square feet and was sold for a price of $3,500,000, equating to a price per square foot of $943. The buyer of the property is Azora Exan, while the seller is Thor Equities. The transaction was facilitated by Lee Koniver from Odyssey Retail.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,500,000
  • Address: 250 Northwest 24th Street, Miami
  • Square Footage: 3,713
  • Price Per Square Foot: $943
  • Buyer: Azora Exan
  • Seller: Thor Equities
  • Broker: Lee Koniver - Odyssey Retail

The deal involved Azora Exan as the buyer, Thor Equities as the seller, and Lee Koniver from Odyssey Retail as the broker. Their involvement highlights the key individuals and companies behind the transaction.

Players

Lee Koniver

Odyssey Retail Advisors

Broker

$22.1M

vol

6 deals

Broker

Azora Exan

Buyer

$97.5M

vol

3 deals

Buyer
Thor Equities
Thor EquitiesSeller

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93