Jason Loeb & Jorge Baboun Acquire Store On Biscayne Blvd For $4.5M
12711 Biscayne Boulevard, Miami, Florida 33181, United States
$4,500,000
$666/SF
Building Size
6,751 SF
Asset Type
Retail
Closing
Sep 13, 2022
About this deal
AI
The property at 12711 Biscayne Blvd in Miami, FL has been sold for $4,500,000. It is a store with a total square footage of 6,751, which equates to a price per square foot of $666.
Summary of transation details
- Property Type: Store
- Transaction Amount: $4,500,000
- Square Footage: 6,751
- Price per Square Foot: $666
- Address: 12711 Biscayne Blvd, Miami, FL
The buyer in this transaction is Jason Loeb & Jorge Baboun, while the seller is Svyatoslav Mangushev.
The retail sale at 12711 Biscayne Boulevard, Miami, Florida 33181, United States in North Miami, Florida sold for $4.5M in 2022. The building is 6,751 square feet, implying about 666 per square foot on the published price. This page is the North Miami, Florida file for the 12711 Biscayne Boulevard, Miami, Florida 33181, United States retail sold: pricing, party profiles, and other closed retail comps from the same North Miami sit in the Market section below. Filter that North Miami retail set by closing date to see what else sold near 12711 Biscayne Boulevard, Miami, Florida 33181, United States around 2022. Published consideration for 12711 Biscayne Boulevard, Miami, Florida 33181, United States is $4.5M, dated 2022. Cite this Jason Loeb & Jorge Baboun Acquire Store On Biscayne Blvd For $4.5M sale when underwriting similar retail product around North Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93