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Joche Llago Acquires Mixed-Use Property In Medley For $6M

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SOLD
$6,000,000

Florida

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Mixed-use30,000 SF
Sold 10/28/2021
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Property Image
SOLD

Joche Llago Acquires Mixed-Use Property In Medley For $6M

11710 Northwest South River Drive, Medley, FL 33178, USA

See Similar Deals
Mixed-use30,000 SF
Sold 10/28/2021
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$200
Total Square Footage:30,000 SF
Transaction Type:Sale

Joshe Llago has acquired a mixed-use property located at 11710 NW South River Drive in Medley. The property was sold by Progresso Holdings, represented by Iris Fernandez. The transaction was facilitated by brokers Frank Trelles and Jason Gonzalez from State Street Realty. The sale price for the property was $6,000,000, with a total square footage of 30,000 and a price per square foot of $200.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Date: 10/28/2021
  • Address: 11710 NW South River Drive
  • Market: Medley
  • Buyer: Joche Llago
  • Seller: Progresso Holdings - Iris Fernandez
  • Brokers: Frank Trelles & Jason Gonzalez - State Street Realty
  • Total Square Footage: 30,000
  • Price Per Square Foot: $200

The transaction is significant as it involves the acquisition of a mixed-use property in Medley. Joche Llago successfully purchased the property from Progresso Holdings, with representation from Frank Trelles and Jason Gonzalez of State Street Realty. The property offers a total square footage of 30,000, with a price per square foot of $200. This deal showcases the active real estate market in Medley and the successful collaboration between the involved parties.

Players

Frank Trelles
38 deals$90.3M volume(786) 302-1223
BROKER

Jason Gonzalez
State Street Realty
15 deals$38.2M volume
BROKER

Details

SOLD
IMAGE: Jason Gonzalez & Frank Trelles DATE: 10/28/2021 ADDRESS: 11710 NW South River Drive MARKET: Medley ASSET TYPE: Mixed-use BUYER: Joche Llago SELLER: Progresso Holdings - Iris Fernandez BROKERS: Frank Trelles (@FrankieTrelles) & Jason Gonzalez - State Street Realty SALE PRICE: $6,000,000 SF: 30,000 ~ PPSF: $200

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
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