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600 Payne Drive

Pablo Canals Purchases Retail Property From Oscar Mendez At 600 Payne Drive For $1.15M
SOLDRetail

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.

Players

Rayza Perez

DWNTWN Realty Advisors

Broker

$8.2M

vol

6 deals

Broker

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