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9900 Bird Rd, Olympia Heigh...

Stephen Feldheim Acquires Retail Property On 9900 Bird Road For $3.1M
SOLDRetail

Stephen Feldheim Acquires Retail Property On 9900 Bird Road For $3.1M

9900 Bird Rd, Olympia Heights, FL 33165, USA

$3,100,000

$81/SF

Building Size

38,000 SF

Asset Type

Retail

Closing

Jun 3, 2020

AI

The retail property located at 9900 Bird Road has been sold for a price of $3,100,000. The building spans across 3,800 square feet, resulting in a price per square foot of $815.79. The transaction involved the buyer, Stephen Feldheim, and the seller, Manny Varas.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,100,000
  • Address: 9900 Bird Road
  • Square Footage: 3,800
  • Price per Square Foot: $815.79
  • Buyer: Stephen Feldheim
  • Seller: Manny Varas

The deal was facilitated by Greg Corbin and Brandon Serota from Rosewood Realty Group NY, who acted as brokers in the transaction. Notably, the building was delivered with a Temporary Certificate of Occupancy (TCO), and Dunkin Donuts and AT&T are expected to move in shortly after the sale.

Players

Brandon Serota

Arrow Real Estate Advisors

Broker

$644.4M

vol

14 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93