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
About this deal
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.
On the Map
$1,900,000
$778/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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93