Moishe Mana Acquires Retail Property In Miami, FL For $16M
SOLD
$16,000,000
Florida
See Similar DealsRetail9,009 SF
Sold 04/27/2022
SOLD
Moishe Mana Acquires Retail Property In Miami, FL For $16M
728 Northwest 29th Street, Miami, Florida 33127, United States
See Similar DealsRetail9,009 SF
Sold 04/27/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,776
Total Square Footage:9,009 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 728 Nw 29th St, Miami, FL. The retail asset was sold for $16,000,000, encompassing a total area of 9,009 square feet, which translates to a price per square foot of $1,776.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,000,000
- Buyer: Moishe Mana
- Seller: James Quinlan
- Square Footage: 9,009
- Price per Square Foot: $1,776
- Market: Miami, FL
The transaction involved Moishe Mana as the buyer and James Quinlan as the seller. This interaction signifies a notable sale within the Miami retail market, highlighting the active participation of these individuals in real estate activities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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