AIDS Health Foundation Acquires Land In Miami For $6M
279 Northeast 79th Street, Miami, Florida 33138, United States
$6,000,000
$475/SF
Building Size
12,623 SF
Asset Type
Retail
Closing
Apr 24, 2022
AI
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
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93