Riza Ozderici And Ali Acquire Retail Asset From LNDMRK Development In South Miami For $10.1M
SOLD
$10,100,000
Florida
See Similar DealsRetail
Sold 10/05/2023
SOLD
Riza Ozderici And Ali Acquire Retail Asset From LNDMRK Development In South Miami For $10.1M
6010 S Dixie Hwy & 6030 S Dixie Hwy
See Similar DealsRetail
Sold 10/05/2023
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 6010 S Dixie Hwy in the South Miami market. The sale was completed for a total price of $10,100,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,100,000.00
- Address: 6010 S Dixie Hwy
- Market: South Miami
- Buyer: Riza Ozderici, Ali
- Seller: LNDMRK Development
- Brokers: Tony Arellano - DWNTWN Realty Advisors
The transaction featured Riza Ozderici, Ali as the buyer, acquiring the property from LNDMRK Development, with representation provided by Tony Arellano from DWNTWN Realty Advisors throughout the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$538,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83
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