Garco Acquires Multifamily Property In West Perrine For $2.9M
10208 Eureka Drive, West Perrine, FL, USA
$2,900,000
$27/SF
Building Size
106,286 SF
Asset Type
MultiFamily
Closing
Nov 6, 2019
AI
Located in West Perrine, the multifamily property at 10208 Eureka Drive was recently sold in a closed transaction. The sale took place on November 7, 2019, with a sale price of $2,900,000. The property spans 106,286 square feet, resulting in a price per square foot of $27. The seller, Eureka 184 LLC, transferred the property to the buyer, Garco.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 10208 Eureka Drive
- Market: West Perrine
- Seller: Eureka 184 LLC
- Buyer: Garco
- Brokers: Elliot Shainberg, Deme Mekras, Sam Mekras - MSP, Julio Diaz - Shelton and Associates
- BSF: 106,286
- PPBSF: $27
Elliot Shainberg, Deme Mekras, Sam Mekras from MSP, and Julio Diaz from Shelton and Associates were the brokers involved in the transaction, representing the respective parties. This closed deal highlights the successful transfer of the multifamily property, demonstrating the expertise and negotiation skills of the brokers involved.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93