Cristian Perales Acquires Store In Miami, FL For $4.5M
7435 Southwest 24th Street, Miami, Florida 33155, United States
$4,500,000
$759/SF
Building Size
5,924 SF
Asset Type
Retail
Closing
May 16, 2022
About this deal
AI
The property involved in this sale transaction is a store located at 7435 Sw 24th St in Miami, FL. The property spans 5,924 square feet and was sold for a price of $4,500,000. The price per square foot comes out to be $759.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $4,500,000
- Address: 7435 Sw 24th St, Miami, FL
- Market: Miami, FL
- Buyer: Cristian Perales
- Seller: Jose S. Rodriguez
- Square Footage: 5,924
- Price per Square Foot: $759
In this transaction, Cristian Perales acquired the store property located at 7435 Sw 24th St in Miami, FL from Jose S. Rodriguez.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93