Steven Levin Acquires Store In Miami, FL For $2.3M
SOLD
$2,300,000
Florida
See Similar DealsRetail3,248 SF
Sold 05/19/2022
SOLD
Steven Levin Acquires Store In Miami, FL For $2.3M
9501 Southwest 40th Street, Miami, Florida 33155, United States
See Similar DealsRetail3,248 SF
Sold 05/19/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$708
Total Square Footage:3,248 SF
Transaction Type:Sale
The property transaction involved a store located at 9501 SW 40th St in Miami, FL. The store spans an area of 3,248 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $708.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,300,000
- Address: 9501 SW 40th St, Miami, FL
- Market: Miami, FL
- Buyer: Steven Levin
- Seller: Jack L Herskowitz & Allan Herskowitz
- Square Footage: 3,248
- Price per Square Foot: $708
The buyer, Steven Levin, acquired the property from the sellers, Jack L Herskowitz & Allan Herskowitz.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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