Andres Perez Acquires Retail Property From Yannet Diaz For $2.05M
SOLD
$2,050,000
Florida
See Similar DealsRetail5,425 SF
Sold 03/22/2024
SOLD
Andres Perez Acquires Retail Property From Yannet Diaz For $2.05M
7415 Southwest 24th Street
See Similar DealsRetail5,425 SF
Sold 03/22/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$377
Total Square Footage:5,425 SF
Transaction Type:Sale
The retail property located at 7415 Southwest 24th Street in Miami was sold for $2,050,000. The asset spans 5,425 square feet, resulting in a price per square foot of $378. The transaction took place on 03/22/2024 with Christopher Carbonell from Fausto Commercial Realty Consultants representing the seller, Yannet Diaz, and facilitating the deal with the buyer, Andres Perez.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,050,000
- Address: 7415 Southwest 24th Street
- Market: Miami
- Buyer: Andres Perez
- Seller: Yannet Diaz
- Broker: Christopher Carbonell - Fausto Commercial Realty Consultants
- SF: 5,425
- PPSF: $378
Christopher Carbonell, the broker from Fausto Commercial Realty Consultants, played a pivotal role in the transaction, ensuring a successful deal between seller Yannet Diaz and buyer Andres Perez. This sale highlights the importance of experienced real estate professionals in facilitating smooth property transactions in the Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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