@OrenAlexander Acquires Retail Property In Miami For $3.5M With Seller's Rep Miguel Pinto & Adriano Salucci
25 NW 34th St, Miami, FL, USA
$3,500,000
$533/SF
Building Size
6,562 SF
Asset Type
Retail
Closing
May 11, 2021
About this deal
AI
A retail property located at 25 NW 34th St in Miami has been sold in a recent transaction. The property, spanning 6,562 square feet, was sold for a sale price of $3,500,000. The property is situated on a lot measuring 15,900 square feet. The transaction took place on 05/12/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 25 NW 34th St
- Market: Miami
The seller of the retail property was Andrew McDermott, while the buyer was Oren Alexander. The buyer was represented by Miguel Pinto and Adriano Salucci from APEX Capital Realty. The asking price for the property was $3,595,000, indicating a successful negotiation resulting in a sale price of $3,500,000. The price per square foot (PPSF) for the property is approximately $533.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93