Ricardo Di Bieri Purchases 16,000 SF Retail Center From Nathan Procheire In Sunrise For $5.3M
1100 Sunset Strip
$5,300,000
$338/SF
Building Size
15,638 SF
Asset Type
Retail
Closing
Dec 18, 2024
About this deal
AI
1100 Sunset Strip is a 15,638 square foot retail asset located in the Sunrise market. The property sold for $5,300,000, translating to a price per square foot of $338. The transaction reflects an 8.3% Cap rate for the buyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Square Footage: 15,638 SF
- Address: 1100 Sunset Strip
- Market: Sunrise
- Price per Square Foot: $338
- Cap Rate: 8.3%
- Buyer: Ricardo di Bieri
- Seller: Nathan Procheire
- Brokerage: Current Capital Realty
- Brokers: Caio Martin & Derek Zieziula
Current Capital Realty facilitated the transaction, representing both the seller Nathan Procheire and the buyer Ricardo di Bieri. The retail center comprises 16,000 square feet and is located in Sunrise, FL.
Players
Sunrise 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93