Francisco Delacre Acquires Retail Property In Miami From Dante Pezzatini
299 Southwest 17th Road
$2,500,000
$603/SF
Building Size
4,143 SF
Asset Type
Retail
Closing
Oct 11, 2023
About this deal
AI
A retail property located at 299 Southwest 17th Road in Miami has been sold for $2,500,000. The property spans 4,143 square feet and was sold at a price of $603 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 299 Southwest 17th Road, Miami
- Market: Miami
The buyer of the property is Francisco Delacre, while the seller is Dante Pezzatini. The transaction was facilitated by brokers Javier A. Ubeda and Arthur Porosoff from the Porosoff Group at Compass.
On the Map
$2,500,000
$603/SF
Retail
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93