Jeffrey Soffer & Brett Mufson Acquire Retail Property In North Miami For $10.1M
SOLD
$10,100,000
Florida
See Similar DealsRetail10,000 SF
Sold
SOLD
Jeffrey Soffer & Brett Mufson Acquire Retail Property In North Miami For $10.1M
13255 Biscayne Boulevard, North Miami, Florida 33181, United States
See Similar DealsRetail10,000 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1010
Total Square Footage:10000 SF
Transaction Type:Sale
Jeffrey Soffer and Brett Mufson, of Fontainebleau Development, have acquired a retail property located at 13255 Biscayne Boulevard in North Miami. The property spans 1 acre and was sold by David A. Marcus. The sale took place on September 12, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,100,000
- Address: 13255 Biscayne Boulevard
- Market: North Miami
- Square Footage: 10,000
- Price Per Square Foot: $1,010
Jeffrey Soffer and Brett Mufson, of Fontainebleau Development, acted as the buyers' representatives in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$538,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83
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