Pablo Canals Purchases Retail Property From Oscar Mendez At 600 Payne Drive For $1.15M
600 Payne Drive
$1,150,000
$287/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Feb 10, 2025
AI
The property asset involved in this transaction is a retail space located at 600 Payne Drive in Doral. The transaction was completed for a sale price of $1,150,000, encompassing a total square footage of 4,000, which results in a price per square foot of $287.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,150,000
- Address: 600 Payne Drive
- Market: Doral
- Square Footage: 4,000
- Price per Square Foot: $287
- Buyer: Pablo Canals
- Seller: Oscar Mendez
- Broker: Rayza Perez - DWNTWN Realty Advisors
Rayza Perez represented the buyer, Pablo Canals, in this retail property transaction. Oscar Mendez was the seller in this deal. The transaction showcases the involvement of DWNTWN Realty Advisors as the brokerage firm facilitating the sale.
Miami Springs 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93