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
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