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Wood Truss Of Miami Acquires Mixed-Use Property In Southwest Ranches For $1.65M

Property Image
SOLD
$1,650,000

Florida

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Mixed-use2,795 SF
Sold
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Property Image
SOLD

Wood Truss Of Miami Acquires Mixed-Use Property In Southwest Ranches For $1.65M

14301 Stirling Road

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Mixed-use2,795 SF
Sold
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$590
Total Square Footage:2795 SF
Transaction Type:Sale

The mixed-use property located at 14301 Stirling Road in Southwest Ranches has been sold in a recent transaction. The property measures 2,795 square feet and was sold for a price of $1,650,000, resulting in a price per square foot of $590.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,650,000
  • Address: 14301 Stirling Road
  • Market: Southwest Ranches

Ricardo Diaz, representing Wood Truss Of Miami, acted as the buyer in this transaction. The seller of the property was James Hancock. The deal was facilitated by Marcello Fabbri from The Fabbri Group - Concierge Properties and Luda Ganchenko from Sotheby's International Realty.

Players

Marcello Fabbri
6 deals$13.3M volume(561) 788-0403
BROKER

Luda Ganchenko
Sotheby's International Realty
1 deal$1.7M volume(754) 263-1323
BROKER

Details

SOLD
IMAGE: Luda Ganchenko & Marcello Fabbri DATE: 02/15/2023 ADDRESS: 14301 Stirling Road MARKET: Southwest Ranches ASSET TYPE: Mixed-use BUYER: Wood Truss Of Miami - Ricardo Diaz SELLER: James Hancock BROKERS: Marcello Fabbri (@Marcello.Southflorida.Com) - The Fabbri Group - Concierge Properties; Luda Ganchenko (@Luda.RealEstate) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $1,650,000 SF: 2,795 ~ PPSF: $590

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

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10