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
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