Jose Bucay Acquires Retail Property From Glen L. Halpryn For $6.06M With Brokers Jonathan De La Rosa And Michael Talbert
11850 Biscayne Boulevard
$6,061,530
$399/SF
Building Size
15,172 SF
Asset Type
Retail
Closing
May 28, 2025
About this deal
AI
The property asset involved in the transaction is located at 11850 Biscayne Boulevard in the Biscayne Park market. This retail asset has a sale price of $6,061,530 and encompasses a total square footage of 15,172, which translates to a price per square foot of $399.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,061,530
- Square Footage: 15,172
- Price per Square Foot: $399
- Buyer: Jose Bucay
- Seller: Glen L. Halpryn
- Buyer's Representative: Jonathan De La Rosa - Marcus & Millichap
- Seller's Representative: Michael Talbert - Horvath & Tremblay
This transaction was facilitated by the buyer's representative, Jonathan De La Rosa from Marcus & Millichap, and the seller's representative, Michael Talbert from Horvath & Tremblay, showcasing the involvement of reputable agencies in the retail sector.
On the Map
$6,061,530
$399/SF
Retail
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Players
North 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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93