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

Property Image
SOLD
$3,600,000
Jonathan De La Rosa
Eduardo "Eddie" Toledo
BF
+ 1

Florida

See Similar Deals
Retail6,692 SF
Sold 12/07/2022
the dealplayerscompscontact
Property Image
SOLD

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

1005 West Flagler Street

See Similar Deals
Retail6,692 SF
Sold 12/07/2022
Jonathan De La Rosa
Eduardo "Eddie" Toledo
BF
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$538
Total Square Footage:6,692 SF
Transaction Type:Sale

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
Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER
Eduardo "Eddie" Toledo
Marcus & Millichap
Eduardo Toledo
70 deals$346.7M volume(786) 522-7047
BROKER
BF
Bill Fuller
9 deals$89.9M volume
BROKER
MP
Martin Pinilla
9 deals$85.1M volume
BROKER
MP
Martin Pinilla
9 deals$85.1M volume
SELLER

Details

SOLD
IMAGE: Eduardo Toledo & Jonathan De La Rosa DATE: 12/07/2022 ADDRESS: 1005 W Flagler St MARKET: Miami ASSET TYPE: Retail BUYER: Geraldo Campitiello SELLER: Bill Fuller & Martin Pinilla BROKERS: Jonathan De La Rosa (@J_DLR_ ) & Eduardo Toledo (@EdToledo) - Marcus & Millichap SALE PRICE: $3,600,000 SF: 6,692 ~ PPSF: $538

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04