Laith Hermiz Acquires Store In Miami, FL For $3.18M
SOLD
$3,186,403
Florida
See Similar DealsRetail6,380 SF
Sold 07/05/2022
SOLD
Laith Hermiz Acquires Store In Miami, FL For $3.18M
3690 Southwest 40th Street, Miami, Florida 33155, United States
See Similar DealsRetail6,380 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$499
Total Square Footage:6,380 SF
Transaction Type:Sale
The property at 3690 SW 40th St in Miami, FL has been sold. The store, with a total area of 6,380 square feet, was purchased by Laith Hermiz from Andrew Juvan. The transaction took place on July 5, 2022, and the sale price was $3,186,403, resulting in a price per square foot of $499.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $3,186,403
- Square Footage: 6,380
- Address: 3690 SW 40th St, Miami, FL
- Buyer: Laith Hermiz
- Seller: Andrew Juvan
Laith Hermiz and Andrew Juvan were the key individuals involved in this sale transaction. Laith Hermiz represented himself, while Andrew Juvan was represented by their broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,941.49
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,320.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,105.18
Annual Debt Service$181,262.11
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