Moishe Mana Acquires Retail Property In Miami, FL For $16M
728 Northwest 29th Street, Miami, Florida 33127, United States
$16,000,000
$1,776/SF
Building Size
9,009 SF
Asset Type
Retail
Closing
Apr 26, 2022
About this deal
AI
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.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93