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16 West Flagler Street

Jake Waserstein Buys Retail Property In Miami From Mario Jolodosky For $3.5M
SOLDRetail

Jake Waserstein Buys Retail Property In Miami From Mario Jolodosky For $3.5M

16 West Flagler Street

$3,500,000

$538/SF

Building Size

6,500 SF

Asset Type

Retail

Closing

Mar 26, 2024

AI

The retail property located at 16 West Flagler Street in Miami was recently sold for $3,500,000. The transaction involved a 6,500 square foot asset, amounting to a price per square foot of $538.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,500,000
  • Buyer: Jake Waserstein
  • Seller: Mario Jolodosky - Grand Zodiac Realty
  • Broker: Tony Ulloa - The Keyes Company
  • Address: 16 West Flagler Street
  • Market: Miami

Jake Waserstein was the buyer in this property sale, with Tony Ulloa from The Keyes Company serving as the broker. The seller was Mario Jolodosky of Grand Zodiac Realty, completing the transaction for the retail property in Miami.

Players

Tony Ulloa

The Keyes Company

Broker

$79.2M

vol

9 deals

Broker

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93