Alejandro Fiallos Purchases Retail Property In Miami From Vickie Rolison For $5 Million
SOLD
$5,000,000
Florida
See Similar DealsRetail2,327 SF
Sold 10/04/2024
SOLD
Alejandro Fiallos Purchases Retail Property In Miami From Vickie Rolison For $5 Million
3535 Southwest 22nd Street
See Similar DealsRetail2,327 SF
Sold 10/04/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,148
Total Square Footage:2,327 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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