Jose Bucay Acquires Retail Property From Glen L. Halpryn For $6.06M With Brokers Jonathan De La Rosa And Michael Talbert
SOLD
$6,061,530
Florida
See Similar DealsRetail15,172 SF
Sold 05/29/2025
SOLD
Jose Bucay Acquires Retail Property From Glen L. Halpryn For $6.06M With Brokers Jonathan De La Rosa And Michael Talbert
11850 Biscayne Boulevard
See Similar DealsRetail15,172 SF
Sold 05/29/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$399
Total Square Footage:15,172 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$323,281.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,535.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,734.74
Annual Debt Service$344,816.94
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