Frances Street Acquires Retail Property In Allapattah, South FL For $1.2M
SOLD
$1,200,000
Florida
See Similar DealsRetail2,900 SF
Sold 04/29/2022
SOLD
Frances Street Acquires Retail Property In Allapattah, South FL For $1.2M
4217 Ponce de Leon Blvd, Coral Gables, Florida 33146, United States
See Similar DealsRetail2,900 SF
Sold 04/29/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$413
Total Square Footage:2,900 SF
Transaction Type:Sale
Located in Allapattah, South FL, the retail property at 4217 Ponce De Leon Blvd 2nd Floor has recently been sold. The transaction took place on 04/29/2022, with a sale price of $1,200,000. The property spans 2,900 square feet and is situated in a bustling market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Square Footage: 2,900
- Address: 4217 Ponce De Leon Blvd 2nd Floor
- Market: Allapattah, South FL
The buyer of the property is Fraces Street, while the seller is Rio Verde. The deal was facilitated by Agustin Duarte from REMAX 360 and Rick Bonvie from Bonvie Realty.
Note: The image associated with the property is provided by Agustin Duarte.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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