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2301 West Flagler Street

Updated Dec 4, 2024

Bilt advertisement
Jose E. Garcia Purchases Retail Property From Lydia C. Sotelo De Valcare For $2.05M
SOLDRetail

Jose E. Garcia Purchases Retail Property From Lydia C. Sotelo De Valcare For $2.05M

2301 West Flagler Street

$2,050,000

$262/SF

Building Size

7,799 SF

Asset Type

Retail

Closing

Jul 28, 2024

About this deal

AI

The property involved in this transaction is located at 2301 West Flagler Street, Miami. This retail asset has a total square footage of 7,799, with a price per square foot of $262. The transaction was finalized for a total sale price of $2,050,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,050,000
  • Address: 2301 West Flagler Street
  • Market: Miami
  • Total Square Footage: 7,799
  • Price per Square Foot: $262
  • Buyer: Jose E. Garcia
  • Seller: Lydia C. Sotelo De Valcare, Francisco Valcare, Cesar Valcare & Roberto Valcare
  • Buyer's Representative: Yalian Serrano
  • Seller's Representatives: Jonathan De La Rosa & Hugo Cardona - Marcus & Millichap

This transaction involved multiple parties, with Jonathan De La Rosa and Hugo Cardona representing the seller through Marcus & Millichap. The buyer, Jose E. Garcia, was represented by Yalian Serrano, facilitating the successful completion of the sale.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$686.8M

vol

151 deals

Broker

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $262 per square foot on a published $2.1M for 7,799 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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