SOLDRetail
Benaim X Partners Acquires Retail Property From Douglas Levine In Miami For $23.5M
36 Nw 24th St & 38 Nw 24th St
$23,500,000
Building Size
—
Asset Type
Retail
Closing
Apr 24, 2024
AI
The asset involved in this transaction is a retail property located at 36 Nw 24th St in the Miami market. The sale price of the property was $23,500,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,500,000.00
- Buyer: Benaim x Partners
- Seller: Douglas Levine
- Brokers: Tony Arellano - DWNTWN Realty Advisors
- Sale Date: 04/24/2024
This transaction features Benaim x Partners as the buyer and Douglas Levine as the seller. Tony Arellano from DWNTWN Realty Advisors acted as the broker representing the seller in this deal.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93