Maximo Alvarez Purchases Retail Property From Brian Garrison In Sunrise For $4.9M
SOLD
$4,900,000
+ 1
Florida
See Similar DealsRetail3,000 SF
Sold 02/04/2025
SOLD
Maximo Alvarez Purchases Retail Property From Brian Garrison In Sunrise For $4.9M
9390 West Commercial Boulevard
See Similar DealsRetail3,000 SF
Sold 02/04/2025
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,633
Total Square Footage:3,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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