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5795 Sunset Dr, South Miami...

Boschetti Realty Group Acquires Retail Property In South Miami For $6.25M
SOLDRetail

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

Steven Michael Marin

Boschetti Realty Group

Broker

$6.3M

vol

1 deal

Broker

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