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11850 Biscayne Boulevard

Jose Bucay Acquires Retail Property From Glen L. Halpryn For $6.06M With Brokers Jonathan De La Rosa And Michael Talbert
SOLDRetail

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

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.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$669.3M

vol

147 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

North Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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