Juan Calvo Acquires Dollar General Retail Property In Florida City For $2.3M
580 SW 344th St Florida City, FL 33034, USA
$2,326,000
$255/SF
Building Size
9,100 SF
Asset Type
Retail
Closing
May 31, 2023
About this deal
AI
Dollar General has sold a retail property in Florida City for $2,326,000. The property, located at 580 Southwest 344th Street, is approximately 9,100 square feet, resulting in a price per square foot of $256. The transaction occurred on May 31, 2023, at a cap rate of 6.75%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,326,000
- Address: 580 Southwest 344th Street
- Market: Florida City
- Square Feet: 9,100
- Price per Square Foot: $256
- Cap Rate: 6.75%
The buyer, Juan Calvo, acquired the property from Dollar General. Jonathan De LaRosa of Marcus & Millichap represented the buyer in the transaction, while Don McMinn, also from Marcus & Millichap, represented the seller.
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93