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3805 Southwest 103rd Avenue

Franco Battistini Sells Miami MultiFamily Property To Candelaria Investments Group For $6.4M
SOLDMultiFamily

Franco Battistini Sells Miami MultiFamily Property To Candelaria Investments Group For $6.4M

3805 Southwest 103rd Avenue

$6,435,000

$301/SF

Building Size

21,330 SF

Asset Type

MultiFamily

Closing

Sep 29, 2023

AI

The property involved in this transaction is a multi-family asset located at 3805 Southwest 103rd Avenue in Miami. The property consists of 33 units with a sale price of $6,435,000, resulting in a per unit price of $195,000. The total square footage of the property is 21,330, with a price per square foot of $302.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $6,435,000
  • Units: 33
  • Price Per Unit: $195,000
  • Square Footage: 21,330
  • Price Per Square Foot: $302
  • Address: 3805 Southwest 103rd Avenue, Miami

The seller of the property is Franco Battistini, represented by Deme Mekras from MSP Group LLC. The buyer's representative is Zuleyka Candelaria from Candelaria Investments Group LLC. The seller's attorney is Danny Diaz-Leyva from Day Pitney LLP, and the buyer's attorney is Leslie Flores.

Players

Deme Mekras

MSP Group

Broker

$270.5M

vol

32 deals

Broker

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

2.47%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93