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8281 Northeast 2nd Avenue

Doug Levine Purchases Mixed-Use Property At 8281-8325 Northeast 2nd Avenue For $9 Million
SOLDMixed-use

Doug Levine Purchases Mixed-Use Property At 8281-8325 Northeast 2nd Avenue For $9 Million

8281 Northeast 2nd Avenue

$9,000,000

$260/SF

Building Size

34,500 SF

Asset Type

Mixed-use

Closing

Jun 5, 2025

AI

This transaction involves a mixed-use asset located at 8281-8325 Northeast 2nd Avenue in the Little River market. The sale was completed for a total price of $9,000,000. The property encompasses a total area of 34,500 square feet, translating to a price per square foot of $260.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $9,000,000
  • Square Footage: 34,500
  • Price per Square Foot: $260
  • Buyer: Doug Levine
  • Seller: Nick Hamann
  • Broker: Alfredo Riascos - Gridline Properties

The transaction was facilitated by Alfredo Riascos, representing Gridline Properties, indicating a professional brokerage involvement in the deal. Doug Levine acquired the property from Nick Hamann, completing the sale on June 6, 2025.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

Doug Levine

Buyer

$102.1M

vol

11 deals

Buyer

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93