2020 79 Investment Acquires Miami Retail Property For $4.15M
SOLD
$4,150,000
Florida
See Similar DealsRetail9,352 SF
Sold 01/21/2021
SOLD
2020 79 Investment Acquires Miami Retail Property For $4.15M
7870 West Flagler Street, Miami, FL, USA
See Similar DealsRetail9,352 SF
Sold 01/21/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$443
Total Square Footage:9,352 SF
Transaction Type:Sale
The retail property located at 7870 Flagler St in Miami has been sold for a total of $4,150,000. The transaction took place on January 21, 2021. The property spans an area of 1 acre and is situated in the Miami market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,150,000
- Date: 01/21/2021
- Address: 7870 Flagler St
- Market: Miami
- Acres: 1
The buyer, 2020 79 Investment, acquired the property for the purpose of establishing a Wawa store. The seller, 7870 Investments, successfully closed the transaction. The brokers involved in the deal were Luis Dominguez from Douglas Elliman and Gabriel Reategui from Reategui Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
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