Jeffrey Soffer & Brett Mufson Acquire Retail Property In North Miami For $10.1M
13255 Biscayne Boulevard, North Miami, Florida 33181, United States
$10,100,000
$1,010/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Sep 11, 2022
AI
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
North 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93