Tommy Cabrerizo Sells Mixed-Use Property In South Miami For $2.4 Million With Jorge Salazar As The Broker
SOLD
$2,400,000
Florida
See Similar DealsMixed-use33,000 SF
Sold 02/14/2025
SOLD
Tommy Cabrerizo Sells Mixed-Use Property In South Miami For $2.4 Million With Jorge Salazar As The Broker
7709 Southwest 67th Avenue
See Similar DealsMixed-use33,000 SF
Sold 02/14/2025
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$72
Total Square Footage:33,000 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 7709 Southwest 67th Avenue in South Miami. This mixed-use asset has a total square footage of 33,000 and was sold for a price of $2,400,000, resulting in a price per square foot of $72.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Square Footage: 33,000
- Address: 7709 Southwest 67th Avenue
- Market: South Miami
- Seller: Tommy Cabrerizo
- Broker: Jorge Salazar - Douglas Elliman
The deal was facilitated by Jorge Salazar, representing Tommy Cabrerizo in the transaction, showcasing his role in the negotiation process for this mixed-use property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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