Linda L Ramjit & Ravi S Ramjit Acquire Retail Property In Miami For $4M
8700 Southwest 129th Terrace, Miami, Florida 33176, United States
$4,000,000
$420/SF
Building Size
9,524 SF
Asset Type
Retail
Closing
Apr 27, 2022
About this deal
AI
The retail property located at 8700 SW 129th Ter in Miami, FL has been sold in a recent transaction. The property spans a total area of 9,524 square feet and was sold for a price of $4,000,000, resulting in a price per square foot of $419.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 8700 SW 129th Ter, Miami, FL
- Market: Miami, FL
- Buyer: Linda L Ramjit & Ravi S Ramjit
- Seller: David Corash
The buyer of the retail property is Linda L Ramjit & Ravi S Ramjit. David Corash acted as the seller in this transaction.
Players
Kendall 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93