Tommy Cabrerizo Sells Mixed-Use Property In South Miami For $2.4 Million With Jorge Salazar As The Broker
7709 Southwest 67th Avenue
$2,400,000
$72/SF
Building Size
33,000 SF
Asset Type
Mixed-use
Closing
Feb 14, 2025
AI
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.
Players
South Miami 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93