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1005 West Flagler Street

Geraldo Campitiello Buys Retail Property On W Flagler St In Miami For $3.6M
SOLDRetail

Geraldo Campitiello Buys Retail Property On W Flagler St In Miami For $3.6M

1005 West Flagler Street

$3,600,000

$538/SF

Building Size

6,692 SF

Asset Type

Retail

Closing

Dec 7, 2022

AI

The retail property located at 1005 W Flagler St in Miami has been sold in a closed transaction. The property spans 6,692 square feet and was sold for a total price of $3,600,000, resulting in a price per square foot of $538.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Square Footage: 6,692
  • Address: 1005 W Flagler St, Miami

Geraldo Campitiello has purchased the property from Bill Fuller and Martin Pinilla. The deal was facilitated by Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap. They acted as the buyer's representatives in this transaction.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

Martin Pinilla

Seller

$85.1M

vol

9 deals

Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93