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11710 Northwest South River...

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

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

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

$6,000,000

$200/SF

Building Size

30,000 SF

Asset Type

Mixed-use

Closing

Oct 28, 2021

AI

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

Vivo Real Estate Group

Broker

$104.8M

vol

39 deals

Broker

Medley Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93