Pablo Canals Purchases Retail Property From Oscar Mendez At 600 Payne Drive For $1.15M
SOLD
$1,150,000
Florida
See Similar DealsRetail4,000 SF
Sold 02/10/2025
SOLD
Pablo Canals Purchases Retail Property From Oscar Mendez At 600 Payne Drive For $1.15M
600 Payne Drive
See Similar DealsRetail4,000 SF
Sold 02/10/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$287
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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