Jose Bucay Acquires Retail Property In Miami For $3.36M With Broker Reps Brandon Holmes & Jonathan De LaRosa
SOLD
$3,355,267
Florida
See Similar DealsRetail3,215 SF
Sold 04/20/2023
SOLD
Jose Bucay Acquires Retail Property In Miami For $3.36M With Broker Reps Brandon Holmes & Jonathan De LaRosa
7815 Bird Rd. Miami, Fl 33155
See Similar DealsRetail3,215 SF
Sold 04/20/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,043
Total Square Footage:3,215 SF
Transaction Type:Sale
Located at 7815 Bird Rd in Miami, this retail property was recently sold in a transaction facilitated by Marcus & Millichap. The buyer, Jose Bucay, acquired the property from Marilyn Wallach for a sale price of $3,355,267. Spanning over 3,215 square feet, the property was sold at a price per square foot of $1,044.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,355,267
- Square Footage: 3,215
- Price Per Square Foot: $1,044
- Date: 04/20/2023
- Market: Miami
Brandon Holmes and Jonathan De LaRosa from Marcus & Millichap represented both the buyer, Jose Bucay, and the seller, Marilyn Wallach, in this transaction. With their expertise, the deal was successfully closed, adding to their portfolio of successful property transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,947.58
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,920.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,905.68
Annual Debt Service$190,868.13
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