Benaim X Partners Acquires Retail Property From Douglas Levine In Miami For $23.5M
SOLD
$23,500,000
Florida
See Similar DealsRetail
Sold 04/24/2024
SOLD
Benaim X Partners Acquires Retail Property From Douglas Levine In Miami For $23.5M
36 Nw 24th St & 38 Nw 24th St
See Similar DealsRetail
Sold 04/24/2024
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
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