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Sloan Barnett And Roger Barnett Acquire Coconut Grove Single Family Home For $45.9M

Property Image
SOLD
$45,900,000

Florida

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Single Family Residence10,417 SF
Sold 04/28/2021
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Property Image
SOLD

Sloan Barnett And Roger Barnett Acquire Coconut Grove Single Family Home For $45.9M

3085 Munroe Drive, Northeast Coconut Grove, Miami, FL, USA

See Similar Deals
Single Family Residence10,417 SF
Sold 04/28/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,406
Total Square Footage:10,417 SF
Transaction Type:Sale

The single-family property located at 3085 Munroe Drive in Coconut Grove, Miami has been sold in a closed transaction. It was purchased by Sloan Barnett and Roger Barnett, representing Shaklee Corporation, for a price of $45,900,000 from Jorge Mas, who is associated with MasTec. The deal was facilitated by Christopher Boyett, who served as the buyer's representative, while Maurice Boschetti of Boschetti Realty Group represented the seller.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $45,900,000
  • Buyer: Sloan Barnett; Roger Barnett - Shaklee Corporation
  • Seller: Jorge Mas - MasTec
  • Buyer's Representative: Christopher Boyett
  • Seller's Representative: Maurice Boschetti - Boschetti Realty Group

Notable individuals involved in this transaction include Sloan Barnett and Roger Barnett, who represent Shaklee Corporation as the buyers. On the seller's side, Jorge Mas, associated with MasTec, finalized the deal with the assistance of Maurice Boschetti from the Boschetti Realty Group. The sale price of $45,900,000 was successfully negotiated, making this a significant transaction in the Coconut Grove market of Miami.

Players

1 deal$45.9M volume
BROKER

Boschetti Realty Group
BROKERAGE

Jorge Mas
9 deals$966.8M volume
SELLER

Jorge Mas
9 deals$966.8M volume
SELLER

Details

SOLD
IMAGE: Maurice Boschetti, Sloan Barnett, Roger Barnett & Jorge Mas DATE: 04/28/2021 ADDRESS: 3085 Munroe Drive MARKET: Coconut Grove, Miami ASSET TYPE: Single Family BUYER: Sloan Barnett; Roger Barnett - Shaklee Corporation SELLER: Jorge Mas - MasTec BUYER'S REP: Christopher Boyett SELLER'S REP: Maurice Boschetti - Boschetti Realty Group PRICE: $45,900,000

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

$2,448,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$163,073.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$217,589.42
Annual Debt Service$2,611,073.01