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Randy Tulepan Acquires Mixed-Use Property In Miami Shores For $5.15M

Property Image
SOLD
$5,150,000

Florida

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Mixed-use13,146 SF
Sold 07/08/2022
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Property Image
SOLD

Randy Tulepan Acquires Mixed-Use Property In Miami Shores For $5.15M

9190 Biscayne Boulevard, Miami Shores, Florida 33138, United States

See Similar Deals
Mixed-use13,146 SF
Sold 07/08/2022
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$391
Total Square Footage:13,146 SF
Transaction Type:Sale

The mixed-use property located at 9190 Biscayne Blvd in Miami Shores has been sold for a total price of $5,150,000. The transaction took place on July 8, 2022. The property spans over 13,146 square feet, resulting in a price per square foot of $392.

Summary of transaction details

The transaction was facilitated by Manny Chamizo and Mike Sanson of ONE Sotheby's International Realty. They represented the buyer, Randy Tulepan, in the purchase of the property. The deal demonstrates the active real estate market in Miami Shores and the demand for mixed-use properties in the area.

Players

Manny Chamizo III
28 deals$192.5M volume(786) 486-6655
BROKER

Michael (Mike) Sanson
Sotheby's International Realty
1 deal$5.2M volume
BROKER

Details

SOLD
IMAGE: Mike Sanson & Manny Chamizo DATE: 07/08/2022 ADDRESS: 9190 Biscayne Blvd MARKET: Miami Shores ASSET TYPE: Mixed-use BUYER: Randy Tulepan BROKERS: Manny Chamizo (@MannyChamizo) & Mike Sanson (@MikeSansonRealty) - ONE Sotheby's International Realty SALE PRICE: $5,150,000 SF: 13,146 ~ PPSF: $392

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$18,296.86
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