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
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