Arturo Ortega Acquires Retail Property On West Flagler Street In Miami For $2.95M
752 West Flagler Street
$2,950,000
$284/SF
Building Size
10,366 SF
Asset Type
Retail
Closing
Dec 2, 2022
About this deal
AI
The retail property located at 752 West Flagler Street in Miami has been sold. The transaction took place on February 12, 2022. The property, spanning 10,366 square feet, was sold for a price of $2,950,000. This translates to a price per square foot of $285.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,950,000
- Address: 752 West Flagler Street
- Market: Miami
Arturo Ortega acquired the property, while Synthia Karlin acted as the seller. Alessandro Lima and Carlos Fausto Miranda of Fausto Commercial Realty represented both parties in the transaction.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93