Kwon Jin Sells Retail Space At 1300 Brickell Bay Drive For $2,925,000 With STL Commercial
1300 Brickell Bay Drive
$2,925,000
$1,942/SF
Building Size
1,506 SF
Asset Type
Retail
Closing
Apr 2, 2026
About this deal
AI
The property asset involved in this transaction is located at 1300 Brickell Bay Drive in the Brickell market. This retail asset was sold for $2,925,000, with a total square footage of 1,506 and a price per square foot of $1,942.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,925,000
- Seller: Kwon Jin
- Buyer's Representatives: Alex Tsoulfas, Brian Pineiro, and Justin Lee - STL Commercial
- Square Footage: 1,506
- Price per Square Foot: $1,942
- Address: 1300 Brickell Bay Drive
- Market: Brickell
The deal was facilitated by Alex Tsoulfas, Brian Pineiro, and Justin Lee, who represented the buyer throughout the transaction. Their representation was key in navigating the deal and ensuring a successful closing.
Players
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
5.42%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93