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.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Babba Joshua Yesharim to view all their deals.
Browse Florida retail sales on Traded.
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