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

Property Image
SOLD
$3,500,000

Florida

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Retail3,713 SF
Sold 12/07/2023
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Property Image
SOLD

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

250 Northwest 24th Street

See Similar Deals
Retail3,713 SF
Sold 12/07/2023
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$942
Total Square Footage:3,713 SF
Transaction Type:Sale

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
6 deals$22.1M volume
BROKER


Thor Equities
SELLER

Details

SOLD
IMAGE: Lee Koniver DATE: 12/07/2023 ADDRESS: 250 Northwest 24th Street MARKET: Miami ASSET TYPE: Retail BUYER: Azora Exan SELLER: Thor Equities (@ThorEquities) BROKER: Lee Koniver (@Lee_Koniver) - Odyssey Retail SALE PRICE: $3,500,000 SF: 3,713 ~ PPSF: $943

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
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