Valentina Georgescu Sells Miami Gardens Retail Property For $15M With Encore Real Estate Investment Services
SOLD
$15,000,000
+ 1
Florida
See Similar DealsRetail60,387 SF
Sold
SOLD
Valentina Georgescu Sells Miami Gardens Retail Property For $15M With Encore Real Estate Investment Services
3791 Northwest 167th Street, Miami Gardens, Florida 33054, United States
See Similar DealsRetail60,387 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$248
Total Square Footage:60387 SF
Transaction Type:Sale
Located at 3791-3799 NW 167th St in Miami Gardens, this retail property recently sold for $15,000,000. The property spans 60,387 square feet with a price per square foot of $248.40.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 3791-3799 NW 167th St, Miami Gardens
- Market: Miami Gardens
- Seller: Valentina Georgescu
- Brokers: Brandon Hanna, Deno Bistolarides, Ryan Vinco & Brent Hanna - Encore Real Estate Investment Services
The deal was facilitated by Brandon Hanna, Deno Bistolarides, Ryan Vinco, and Brent Hanna from Encore Real Estate Investment Services. This successful transaction not only showcases the expertise of these brokers but also highlights the strong demand for retail assets in Miami Gardens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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