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7709 Southwest 67th Avenue

Tommy Cabrerizo Sells Mixed-Use Property In South Miami For $2.4 Million With Jorge Salazar As The Broker
SOLDMixed-use

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

Jorge Salazar

Douglas Elliman

Broker

$18.4M

vol

5 deals

Broker

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