Juan Molina Purchases Retail Property At 4245 East 8th Avenue For $1.6M From Louis Alexander
SOLD
$1,600,000
Florida
See Similar DealsRetail3,840 SF
Sold 12/11/2024
SOLD
Juan Molina Purchases Retail Property At 4245 East 8th Avenue For $1.6M From Louis Alexander
4245 East 8th Avenue
See Similar DealsRetail3,840 SF
Sold 12/11/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$416
Total Square Footage:3,840 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 4245 East 8th Avenue in Hialeah. The sale price of the property was $1,600,000, encompassing a total area of 3,840 square feet, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 4245 East 8th Avenue
- Market: Hialeah
- Size: 3,840 SF
- Price per Square Foot: $416
- Buyer: Juan Molina
- Seller: Louis Alexander
- Brokers: Carlos Fausto Miranda & Moises Figueroa - Fausto Commercial Realty Consultants
The key individuals involved in this transaction are Juan Molina as the buyer and Louis Alexander as the seller. The deal was facilitated by brokers Carlos Fausto Miranda and Moises Figueroa, representing Fausto Commercial Realty Consultants during the transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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