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
About this deal
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.
On the Map
$23,500,000
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93