Laith Hermiz Acquires Store In Miami, FL For $3.18M
3690 Southwest 40th Street, Miami, Florida 33155, United States
$3,186,403
$499/SF
Building Size
6,380 SF
Asset Type
Retail
Closing
Jul 4, 2022
AI
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.
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
4.98%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93