Boschetti Realty Group Acquires Retail Property In South Miami For $6.25M
5795 Sunset Dr, South Miami, FL 33143
$6,250,000
$670/SF
Building Size
9,324 SF
Asset Type
Retail
Closing
Apr 3, 2022
AI
Located at 5795 Sunset Dr in South Miami, this retail property was recently sold on April 4, 2022. The sale was facilitated by Steven Michael Marin, representing the buyer, and Tony Puente, representing the seller. The property spans a total of 9,324 square feet, with a sale price of $6,250,000, resulting in a price per square foot (PPSF) of $670. The lot size is 21,255 square feet, leading to a price per lot square foot (PPLSF) of $294.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,250,000
- Date: April 4, 2022
- Address: 5795 Sunset Dr, South Miami
- Market: South Miami
- Square Feet: 9,324
- Price per Square Foot (PPSF): $670
- Lot Size: 21,255 square feet
- Price per Lot Square Foot (PPLSF): $294
Steven Michael Marin of Boschetti Realty Group represented the buyer in this transaction, while Tony Puente of Fairchild Partners represented the seller. This successful sale demonstrates the expertise and negotiation skills of both professionals in the real estate market.
Players
South 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93