BZG International Facilitates $4.6M Sale Of Miami Retail Property
SOLD
Florida
See Similar DealsRetail11,500 SF
Sold 02/15/2024
SOLD
BZG International Facilitates $4.6M Sale Of Miami Retail Property
254 Northwest 36th Street & 260 Northwest 36th Street
See Similar DealsRetail11,500 SF
Sold 02/15/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$400
Total Square Footage:11,500 SF
Transaction Type:Sale
The retail property located at 254-260 Northwest 36th Street in Miami was recently sold for $4,600,000. Spanning 5,750 square feet, the property was acquired at a price per square foot of $800.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 254-260 Northwest 36th Street
- Market: Miami
- SF: 5,750
- Price Per Square Foot: $800
- Buyer's Rep: Uccio Zecchini, Brandon Brugal & Alejandro Ruiz - BZG International
- Seller's Rep: George Belesis - DWNTWN Realty Advisors
The transaction involved several key individuals and companies. The buyer's representatives from BZG International were Uccio Zecchini, Brandon Brugal, and Alejandro Ruiz. On the other side, representing the seller was George Belesis from DWNTWN Realty Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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