Steven Michael Marin Acquires Retail Property In South Miami For $6.25M With Seller's Rep Tony Puente
100 North Miami Avenue, Miami, Florida 33128, United States
$25,300,000
$504/SF
Building Size
50,197 SF
Asset Type
Retail
Closing
Dec 22, 2021
About this deal
AI
A retail property located at 5795 Sunset Dr in South Miami has been sold. The transaction took place on April 4, 2022 and was facilitated by Steven Michael Marin from Boschetti Realty Group, who represented the buyer, and Tony Puente from Fairchild Partners, who represented the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,250,000
- Square Footage: 9,324
- Price per Square Foot: $670
- Lot Size: 21,255 square feet
- Price per Lot Size: $294 per square foot
The buyer's representative, Steven Michael Marin from Boschetti Realty Group, and the seller's representative, Tony Puente from Fairchild Partners, played crucial roles in the transaction.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93