Juan Carlos Oliva Purchases Retail Asset In Miami From Dr. Ino Halegua For $2.9M
Nw 36th St
$2,900,000
$785/SF
Building Size
3,693 SF
Asset Type
Retail
Closing
Jan 31, 2025
AI
The property asset involved in the transaction is a retail building located at 4211 Northwest 36th Street in Miami. The sale price of the property was $2,900,000, and it has a total square footage of 3,693, which translates to a price per square foot of $785.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 4211 Northwest 36th Street
- Market: Miami
- Square Footage: 3,693
- Price per Square Foot: $785
- Buyer: Juan Carlos Oliva
- Seller: Dr. Ino Halegua
- Buyer's Representative: Jorge Ruiz - Premier Properties
- Seller's Representative: Scott Sandelin - Marcus & Millichap
Key individuals involved in this transaction include Juan Carlos Oliva, who acted as the buyer, and Dr. Ino Halegua, the seller. The transaction was facilitated by Jorge Ruiz representing the buyer through Premier Properties and Scott Sandelin, who represented the seller at Marcus & Millichap.
Players
Miami 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93