Lincoln Marti Schools Acquires Retail Property In Miami For $3.65M
943 West Flagler Street, Miami, FL, USA
$3,650,000
$190/SF
Building Size
19,170 SF
Asset Type
Retail
Closing
Sep 3, 2020
About this deal
AI
The property asset involved in the transaction is located at 943-947 West Flagler Street & 940 NW 1st Street in Miami. The transaction amount was $3,650,000 for a total square footage of 19,170, resulting in a price per square foot of $190.40.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,650,000
- Address: 943-947 West Flagler Street & 940 NW 1st Street
- Market: Miami
- Seller: Warrior Capital Flagler LLC - Babba Joshua Yesharim
- Buyer: Lincoln Marti Schools - Demetrio Perez JR
- Square Footage: 19,170
- Price Per Square Foot: $190.40
The deal involved Babba Joshua Yesharim representing Warrior Capital Flagler LLC as the seller and Demetrio Perez JR representing Lincoln Marti Schools as the buyer.
On the Map
$3,650,000
$190/SF
Retail
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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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93