Randy Tulepan Acquires Mixed-Use Property In Miami Shores For $5.15M
9190 Biscayne Boulevard, Miami Shores, Florida 33138, United States
$5,150,000
$391/SF
Building Size
13,146 SF
Asset Type
Mixed-use
Closing
Jul 7, 2022
About this deal
AI
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
- Property Type: Mixed-use
- Transaction Amount: $5,150,000
- Address: 9190 Biscayne Blvd, Miami Shores
- Market: Miami Shores
- Buyer: Randy Tulepan
- Brokers: Manny Chamizo & Mike Sanson - ONE Sotheby's International Realty
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
Miami Shores 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93