Pilar Ruiz De La Torre & Michael Martinez Facilitate $9.4M Sale In Pinecrest
5900 Southwest 108th Street
$9,400,000
$1,424/SF
Building Size
6,601 SF
Asset Type
Single Family
Closing
Mar 14, 2024
AI
A 6,601-square-foot, seven-bedroom single-family home located at 5900 Southwest 108th Street in Pinecrest was sold for $9.4 million. The property sits on a 0.87-acre lot and was acquired by S-REIT LLC from Oscar Renjel of Zumma Investments.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,400,000
- Address: 5900 Southwest 108th Street Pinecrest
- Market: Pinecrest
- SF: 6,601
- PPSF: $1,424
- Seller: Oscar Renjel - Zumma Investments
- Buyer's Rep: Pilar Ruiz de la Torre - Coldwell Banker
- Seller's Rep: Michael Martinez - One Sotheby's International Realty
Oscar Renjel's Juni Holdings LLC had purchased the site for $2 million in 2022 and completed the construction of the mansion earlier this year, initially listing it for $9.5 million in February before finalizing the sale to S-REIT LLC.
Players
Pinecrest Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93