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3600 Lejeune Road

Juan Carlos Oliva Acquires Retail Property From Matthew Moyal In Miami Springs Transaction
SOLDRetail

Juan Carlos Oliva Acquires Retail Property From Matthew Moyal In Miami Springs Transaction

$9,200,000

$368/SF

Building Size

25,000 SF

Asset Type

Retail

Closing

Feb 29, 2024

AI

The property located at 3600 Lejeune Road in Miami Springs, a retail asset, was sold for $9,200,000. The property spans 25,000 square feet, resulting in a price per square foot of $368.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,200,000
  • Address: 3600 Lejeune Road
  • Market: Miami Springs

Juan Carlos Oliva was the buyer in this transaction, and Matthew Moyal was the seller. The buyer's representative was Jorge Ruiz from Premier Properties, while the seller was represented by Scott Sandelin from Marcus & Millichap.

Players

Scott Sandelin

Marcus & Millichap

Broker

$296.3M

vol

29 deals

Broker

Market 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

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93