Julio Arriaga Purchases Retail Asset In Miami For $2.35M With Carlos & Jorge Sordo As Buyer's Representatives
SOLD
$2,350,000
+ 2
Florida
See Similar DealsRetail9,581 SF
Sold 08/01/2024
SOLD
Julio Arriaga Purchases Retail Asset In Miami For $2.35M With Carlos & Jorge Sordo As Buyer's Representatives
6400 Northwest 77th Court
See Similar DealsRetail9,581 SF
Sold 08/01/2024
+ 2
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$245
Total Square Footage:9,581 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 6400 Northwest 77th Court, Miami. The sale was completed for a price of $2,350,000, encompassing a total area of 9,581 square feet, which translates to a price per square foot of $245.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 6400 Northwest 77th Court
- Market: Miami
- Square Footage: 9,581
- Price Per Square Foot: $245
- Buyer: Julio Arriaga
- Seller: Larry Cravez
- Buyer's Representative: Carlos & Jorge Sordo - RT Realty
- Seller's Representatives: Alan Kaye, Peter Berg & Danny Reynoso - Transworld Commercial Real Estate
Key individuals involved in the deal include Julio Arriaga as the buyer and Larry Cravez as the seller. The buyer was represented by Carlos and Jorge Sordo from RT Realty, while the seller was represented by Alan Kaye, Peter Berg, and Danny Reynoso from Transworld Commercial Real Estate.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
Is there something missing? Send suggestions