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

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SOLD
$3,100,000

Florida

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Retail38,000 SF
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SOLD

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

9900 Bird Rd, Olympia Heights, FL 33165, USA

See Similar Deals
Retail38,000 SF
Sold
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$81
Total Square Footage:38000 SF
Transaction Type:Sale

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
13 deals$604.1M volume(646) 502-3467
BROKER

Greg Corbin
Northgate Real Estate Group
81 deals$1.1B volume(212) 419-8101
BROKER

Manny Varas
4 deals$28.2M volume(305) 668-3122
BROKER

Rosewood Realty Group
BROKERAGE

Details

SOLD
IMAGE: Greg Corbin & Brandon Serota DATE: 06/04/2020 ADDRESS: 9900 Bird Road ASSET TYPE: Retail PRICE: $3,100,000 SF: 3,800 PPSF: $815.79 BUYER: Stephen Feldheim SELLER: Manny Varas BROKERS: Greg Corbin, Brandon Serota @RosewoodRealtyGroupNY NOTES: Building delivered with a TCO in place with Dunkin Donuts and AT&T to move in shortly after the sale. […]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
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