facebook
Traded Co logo
Submit

Garco Acquires Multifamily Property In West Perrine For $2.9M

Property Image
SOLD
$2,900,000
Julio Diaz
Elliot Shainberg
+ 1

Florida

See Similar Deals
MultiFamily106,286 SF
Sold 11/07/2019
the dealplayerscompscontact
Property Image
SOLD

Garco Acquires Multifamily Property In West Perrine For $2.9M

10208 Eureka Drive, West Perrine, FL, USA

See Similar Deals
MultiFamily106,286 SF
Sold 11/07/2019
Julio Diaz
Elliot Shainberg
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$27
Total Square Footage:106,286 SF
Transaction Type:Sale

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

6 deals$38.8M volume(786) 671-0155
BROKER


Sam  Mekras
MSP Group
33 deals$101.8M volume(786) 417-3709
BROKER

Julio Diaz
1 deal$2.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Elliot Shainberg, Deme Mekras, Sam Mekras & Julio Diaz DATE: 11/07/2019 ADDRESS: 10208 Eureka Drive MARKET: West Perrine ASSET TYPE: Multifamily SELLER: Eureka 184 LLC BUYER: Garco BROKERS: Elliot Shainberg, Deme Mekras, Sam Mekras - MSP, Julio Diaz - Shelton and Associates PRICE: $2,900,000 BSF: 106,286 ~ PPBSF: $27

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75