Maximo Alvarez Purchases Retail Property From Brian Garrison In Sunrise For $4.9M
9390 West Commercial Boulevard
$4,900,000
$1,633/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Feb 4, 2025
AI
The asset involved in this transaction is a retail property located at 9390 West Commercial Boulevard in Sunrise. The sale price was $4,900,000, and the property has a total square footage of 3,000. This indicates a price per square foot of $1,633.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 9390 West Commercial Boulevard
- Market: Sunrise
- Square Footage: 3,000
- Price per Square Foot: $1,633
- Buyer: Maximo Alvarez
- Seller: Brian Garrison
- Brokers: Michael Talbert, Jarett Zackman, Daniel Bernardini & Kenneth Salute - Horvath & Tremblay
The deal featured the collaborative efforts of four brokers representing the transaction. Michael Talbert, Jarett Zackman, Daniel Bernardini, and Kenneth Salute played integral roles in facilitating this sale under the brokerage agency Horvath & Tremblay.
Players
Sunrise Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93