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

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SOLD
$2,050,000

Florida

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Retail7,799 SF
Sold 07/28/2024
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Property Image
SOLD

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

2301 West Flagler Street

See Similar Deals
Retail7,799 SF
Sold 07/28/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$262
Total Square Footage:7,799 SF
Transaction Type:Sale

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
141 deals$628.7M volume(786) 522-7027
BROKER

Hugo Cardona
Marcus & Millichap
5 deals$18.9M volume(561) 451-5451
BROKER

Details

SOLD
IMAGE: Hugo Cardona & Jonathan De La Rosa DATE: 7/28/2024 ADDRESS: 2301 West Flagler Street MARKET: Miami ASSET TYPE: Retail BUYER: Jose E. Garcia SELLER: Lydia C. Sotelo De Valcare, Francisco Valcare, Cesar Valcare & Roberto Valcare BUYER'S REP: Yalian Serrano SELLER'S REP: Jonathan De La Rosa (@J_DLR_) & Hugo Cardona (@Hugo.says) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,050,000 SF: 7799 ~ PPSF: $262

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$109,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55