Palm Springs Retail Property Sold For $900K With Buyer's Rep Maritza Salas & Seller's Rep Jonathan Eismann
900 Payne Drive, Miami Springs, FL, USA
$900,000
$107/SF
Building Size
8,400 SF
Asset Type
Retail
Closing
Sep 7, 2021
About this deal
AI
The retail property located at 900 Payne Drive in Palm Springs has been sold for $900,000. The property spans 8,400 square feet, resulting in a price per square foot of $107. The sale took place on September 7, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $900,000
- Address: 900 Payne Drive, Palm Springs
- Market: Palm Springs
Oscar Mendez has acquired the property from Woody's West End Tavern, represented by Scott Fuhrman. Maritza Salas from Prestige Sales Group acted as the buyer's representative, while Jonathan Eismann from Gridline Properties served as the seller's representative.
Players
Miami Springs 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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93