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Carlos Carus Purchases Retail Property From David Yassky For $6.75M In Miami

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SOLD
$6,746,031

Florida

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Retail3,340 SF
Sold 12/19/2024
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Property Image
SOLD

Carlos Carus Purchases Retail Property From David Yassky For $6.75M In Miami

9901 SW 24 St

See Similar Deals
Retail3,340 SF
Sold 12/19/2024
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,019
Total Square Footage:3,340 SF
Transaction Type:Sale

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

Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER

Eduardo "Eddie" Toledo
Marcus & Millichap
70 deals$346.7M volume(786) 522-7047
BROKER

Bruce Corn
NAI Global
2 deals$7.8M volume
BROKER

Details

SOLD
IMAGE: Jonathan De La Rosa & Eduardo Toledo DATE: 12/19/2024 ADDRESS: 9901 Southwest 24 Street MARKET: Miami ASSET TYPE: Retail BUYER: Carlos Carus SELLER: El Car Wash BUYER'S REP: Bruce Corn - NAI Global (@NAI.Global) SELLER'S REP: Jonathan De La Rosa (@J_DLR_) & Eduardo Toledo (@EdToledo) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $6,746,031 SF: 3,340 ~ PPSF: $2,019

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$359,788.31

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,967.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,979.63
Annual Debt Service$383,755.54