Daniel Kodsi & Sergio Moises Acquire Store In Miami, FL For $4.45M
SOLD
Florida
See Similar DealsRetail5,478 SF
Sold 05/10/2022
SOLD
Daniel Kodsi & Sergio Moises Acquire Store In Miami, FL For $4.45M
61 Northeast 9th Street, Homestead, Florida 33030, United States
See Similar DealsRetail5,478 SF
Sold 05/10/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$812
Total Square Footage:5,478 SF
Transaction Type:Sale
A store located at 61 NE 9th St in Miami, FL has been sold. The property, spanning 5,478 square feet, was purchased by Daniel Kodsi & Sergio Moises for a total of $4,450,000. The price per square foot for this transaction was $812.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $4,450,000
- Address: 61 NE 9th St, Miami, FL
- Market: Miami, FL
- Square Footage: 5,478
- Buyer: Daniel Kodsi & Sergio Moises
- Seller: Yue-Chuan Shih
In this deal, Daniel Kodsi & Sergio Moises were represented by their broker representatives. No additional information is available about the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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