Louis Robert Toll & Ronnie Toll Sell Retail Property In Miami For $1.7M With Broker Ricky Boada
940 Northwest 27th Avenue, Miami, Florida 33125, United States
$1,700,000
$441/SF
Building Size
3,850 SF
Asset Type
Retail
Closing
Apr 26, 2022
About this deal
AI
The retail property located at 940 NW 27th Ave and 970 NW 27th Ave in Grapeland Center, Miami has been sold for a price of $1,700,000. The property is approximately 3,850 square feet in size, resulting in a price per square foot of $442.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 940 NW 27th Ave & 970 NW 27th Ave, Grapeland Center, Miami
- Market: Grapeland Center, Miami
- Seller: Louis Robert Toll & Ronnie Toll
- Broker: Ricky Boada - Epic Capital Realty
Ricky Boada from Epic Capital Realty represented the seller in this 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93