facebook
Traded Co logo
Submit

AIDS Health Foundation Acquires Land In Miami For $6M

Property Image
SOLD
$6,000,000
Jose Fernandez
Ryan Shaw
Quinn Sousa
+ 1

Florida

See Similar Deals
Retail12,623 SF
Sold 04/25/2022
the dealplayerscompscontact
Property Image
SOLD

AIDS Health Foundation Acquires Land In Miami For $6M

279 Northeast 79th Street, Miami, Florida 33138, United States

See Similar Deals
Retail12,623 SF
Sold 04/25/2022
Jose Fernandez
Ryan Shaw
Quinn Sousa
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$475
Total Square Footage:12,623 SF
Transaction Type:Sale

The property at 279 NE 79th Street in Miami has been sold in a recent transaction. The asset is a land property, spanning approximately 44,000 square feet. The sale price for this property was $6,000,000, resulting in a price per square foot of $136.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $6,000,000
  • Address: 279 NE 79th Street, Miami
  • Market: Miami

The buyer in this transaction was the AIDS Health Foundation, while Leocavlaundry LLC acted as the seller. The deal was facilitated by the broker representatives from Marcus & Millichap, including Ryan T. Shaw, Jose Fernandez, Quinn Sousa, and Shelly Argy.

Players

Ryan Shaw
Marcus & Millichap
Ryan Shaw
22 deals$145.7M volume
BROKER
Quinn Sousa
Marcus & Millichap
Quinn Sousa
7 deals$27.7M volume
BROKER
Jose Fernandez
Arena Realty Advisors
Jose Fernandez
3 deals$114.8M volume
BROKER
Jose Fernandez
Arena Realty Advisors
Jose Fernandez
3 deals$114.8M volume
BROKER
Shelly Poston
Gridline Properties
Shelly Poston
15 deals$58.9M volume(305) 457-6543
BROKER
Shelly Poston
Gridline Properties
Shelly Poston
15 deals$58.9M volume(305) 457-6543
BROKER

Details

SOLD
IMAGE: Quinn Sousa, Jose Fernandez, Ryan T. Shaw & Shelly Argy DATE: 04/25/2022 ADDRESS: 279 NE 79th Street MARKET: Miami ASSET TYPE: Land BUYER: AIDS Health Foundation SELLER: Leocavlaundry LLC BROKERS: Ryan T. Shaw (@RtShaw29), Jose Fernandez, Quinn Sousa & Shelly Argy (@ShellyArgy) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $6,000,000 SF: 44,000 ~ PPSF: $136

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73