Carlos Carus Purchases Retail Property From David Yassky For $6.75M In Miami
9901 SW 24 St
$6,746,031
$2,019/SF
Building Size
3,340 SF
Asset Type
Retail
Closing
Dec 19, 2024
AI
The property involved in the transaction is a retail asset located at 9901 Southwest 24 Street in Miami. The sale price was $6,746,031. The total square footage of the property is 3,340, resulting in a price per square foot of $2,019.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,746,031
- Address: 9901 Southwest 24 Street
- Market: Miami
- Square Footage: 3,340
- Price per Square Foot: $2,019
- Buyer: Carlos Carus
- Seller: El Car Wash
- Buyer's Representative: Bruce Corn - NAI Global
- Seller's Representatives: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
The deal involved key representatives in the real estate sector, with Bruce Corn representing the buyer, Carlos Carus, and Jonathan De La Rosa & Eduardo Toledo representing the seller, El Car Wash. Their partnership reflects a collaborative effort in facilitating the transaction within the retail market.
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93