BZG International Facilitates $4.6M Sale Of Miami Retail Property
254 Northwest 36th Street & 260 Northwest 36th Street
$4,600,000
$400/SF
Building Size
11,500 SF
Asset Type
Retail
Closing
Feb 15, 2024
AI
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.
Players
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93