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10208 Eureka Drive, West Pe...

Garco Acquires Multifamily Property In West Perrine For $2.9M
SOLDMultiFamily

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

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

Elliot Shainberg

Broker

$38.8M

vol

6 deals

Broker
G
GarcoBuyer

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