Gridline Properties Sells Retail Property In Allapattah For $1.2M
719 NW 29 St, Miami, Florida 33127, United States
$1,200,000
$370/SF
Building Size
3,240 SF
Asset Type
Retail
Closing
Jan 20, 2022
About this deal
AI
A retail property in Allapattah, located at 719 NW 29 St, has been sold for a price of $1,200,000. The property has a total square footage of 3,240 and a lot size of 5,873. The sale price per square foot is calculated at $370.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Address: 719 NW 29 St
- Market: Allapattah
- Square Footage: 3,240
- Price Per Square Foot: $370
- Lot Size: 5,873
The sellers, Luis Alvarez and William Rios, were represented by Jonathan Eismann from Gridline Properties. The buyer, Mateo Romero, was also represented by Gridline Properties.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93