Steve Shin Purchases Retail Property At 4499 Weston Road From Miguel Lopez For $4.33M
SOLD
$4,330,000
Florida
See Similar DealsRetail4,100 SF
Sold
SOLD
Steve Shin Purchases Retail Property At 4499 Weston Road From Miguel Lopez For $4.33M
4499 Weston Road
See Similar DealsRetail4,100 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1056
Total Square Footage:4100 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 4499 Weston Road in Weston. The sale price was $4,330,000, with a square footage of 4,100 and a price per square foot of $1,056.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,330,000
- Address: 4499 Weston Road
- Market: Weston
- Square Footage: 4,100
- Price per Square Foot: $1,056
- Buyer: Steve Shin
- Seller: Miguel Lopez
- Seller's Representative: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
Key individuals in the transaction include buyer Steve Shin and seller Miguel Lopez, who facilitated the sale through their representatives Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves from Marcus & Millichap.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$230,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,383.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,526.41
Annual Debt Service$246,316.91
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