Freddy Sayegh Sells Retail Asset In Miami's McDonald's Location For $2.95M

The asset involved in the transaction is a retail property located at 4200 West Sample Road in the Miami market. This McDonald's property has a sale price of $2,950,000, encompassing a total square footage of 4,310. The price per square foot stands at $684.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,950,000
• Address: 4200 West Sample Road
• Market: Miami
• Square Footage: 4,310
• Price Per Square Foot: $684
• Seller: Freddy Sayegh
• Broker Representatives: Sam Noe & John Paine - Paine Restaurant Group - Marcus & Millichap

The transaction was executed with the representation of Sam Noe and John Paine from the Paine Restaurant Group affiliated with Marcus & Millichap. The property is situated within the Miami-Fort Lauderdale-West Palm Beach, FL Metropolitan area. Notably, the asset sold at a high price with an aggressive cap rate, with only 5 years remaining on the lease. Contact the broker for sale details.