Alejandro Fiallos Purchases Retail Property In Miami From Vickie Rolison For $5 Million
3535 Southwest 22nd Street
$5,000,000
$2,148/SF
Building Size
2,327 SF
Asset Type
Retail
Closing
Oct 4, 2024
AI
The retail property located at 3535 Southwest 22nd Street in Miami features a sale price of $5,000,000. The asset encompasses a total area of 2,327 square feet, resulting in a price per square foot of $1,504. The transaction includes the contiguous land associated with the property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Square Footage: 2,327
- Price Per Square Foot: $1,504
- Buyer: Alejandro Fiallos
- Seller: Vickie Rolison
- Buyer's Representative: Albert Garcia - Miami Luxury Properties
- Seller's Representative: Alan Kaye - Transworld Commercial Real Estate
Albert Garcia from Miami Luxury Properties represented the buyer, Alejandro Fiallos, in this transaction, while Alan Kaye from Transworld Commercial Real Estate represented the seller, Vickie Rolison, bringing their expertise to the closing of this deal.
Players
Shenandoah 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93