David Herskowitz Acquires Store In Miami, FL For $2.7M
SOLD
Florida
See Similar DealsRetail2,303 SF
Sold 05/16/2022
SOLD
David Herskowitz Acquires Store In Miami, FL For $2.7M
950 Southwest 8th Street, Miami, Florida 33135, United States
See Similar DealsRetail2,303 SF
Sold 05/16/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,172
Total Square Footage:2,303 SF
Transaction Type:Sale
The property at 950 SW 8th St in Miami, FL was sold on May 16, 2022. The asset is a store with a total square footage of 2,303. The sale price for the property was $2,700,000, resulting in a price per square foot of $1,172.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,700,000
- Square Footage: 2,303
- Price per Square Foot: $1,172
- Address: 950 SW 8th St, Miami, FL
David Herskowitz acted as the buyer in the transaction, while Vincent Mazzie, William O. Fuller, and Martin Pinilla II were the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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