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BZG International Facilitates $4.6M Sale Of Miami Retail Property

Property Image
SOLD
$4,600,000
Uccio Zecchini
Brandon Brugal
+ 1

Florida

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Retail11,500 SF
Sold 02/15/2024
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Property Image
SOLD

BZG International Facilitates $4.6M Sale Of Miami Retail Property

254 Northwest 36th Street & 260 Northwest 36th Street

See Similar Deals
Retail11,500 SF
Sold 02/15/2024
Uccio Zecchini
Brandon Brugal
+ 1
Contact now

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:

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

Brandon Brugal
17 deals$47.3M volume(305) 491-5357
BROKER

Uccio Zecchini
BZG International
11 deals$25.4M volume(305) 796-2271
BROKER

Alejandro Ruiz
BZG International
4 deals$10.8M volume
BROKER

George Belesis
DWNTWN Realty Advisors
17 deals$52.7M volume(305) 647-0999
BROKER

Details

SOLD
IMAGE: George Belesis, Alejandro Ruiz, Brandon Brugal & Uccio Zecchini DATE: 02/15/2024 ADDRESS: 254-260 Northwest 36th Street MARKET: Miami ASSET TYPE: Retail BUYER'S REP: Uccio Zecchini (@Uzeta_22), Brandon Brugal (@Brandon_Brugal) & Alejandro Ruiz (@AlejandroRuiz.RealEstate) - BZG International (@BZGInternational) SELLER'S REP: George Belesis - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) SALE PRICE: $4,600,000 SF: 5,750 ~ PPSF: $800

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
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