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
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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