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3126 Southwest 22nd Street

Enrique Acosta Acquires Retail Property From Tio Frank In Miami For $1.9M
SOLDRetail

Enrique Acosta Acquires Retail Property From Tio Frank In Miami For $1.9M

3126 Southwest 22nd Street

$1,900,000

$778/SF

Building Size

2,440 SF

Asset Type

Retail

Closing

Apr 30, 2024

AI

The retail property located at 3126 Southwest 22nd Street in Miami was recently sold for $1,900,000. Spanning 2,440 square feet, the property was acquired at a price per square foot of $779. The transaction involved Enrique Acosta purchasing the property from Tio Frank.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,900,000
  • Address: 3126 Southwest 22nd Street
  • Market: Miami
  • Buyer: Enrique Acosta
  • Seller: Tio Frank
  • Brokers: Javier A. Ubeda & Arthur Porosoff - Compass

Javier A. Ubeda and Arthur Porosoff from Compass facilitated the sale of the retail property, acting as the brokers in the deal.

Players

Arthur David Porosoff
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Arthur David Porosoff

POROSOFF

Broker

$184.8M

vol

27 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93