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Nicolas Brocherie Of 1055 Station LLC Acquires Retail Property In Miami For $3.1M

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SOLD
$3,100,000

Florida

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Retail11,765 SF
Sold 01/27/2025
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Property Image
SOLD

Nicolas Brocherie Of 1055 Station LLC Acquires Retail Property In Miami For $3.1M

1055 Northwest 62nd Street

See Similar Deals
Retail11,765 SF
Sold 01/27/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$263
Total Square Footage:11,765 SF
Transaction Type:Sale

1055 Station LLC acquired an 11,765 SF retail property located at 1055 Northwest 62nd Street in Miami. The transaction was completed at a sale price of $3,100,000, resulting in a price per square foot of $263. The property encompasses 0.87 acres.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,100,000
  • Buyer: Nicolas Brocherie - 1055 Station LLC
  • Seller: Victor Uzan - Warehouses NW 62 ST LLC
  • Broker: Juan Andres Nava - Metro 1 Commercial
  • Loan Amount: $2,750,000
  • Loan Maturity: 2028
  • Previous Purchase Price: $1,750,000
  • Previous Purchase Year: 2021

Juan Andres Nava represented the buyer in this transaction, facilitating the acquisition of the property from the seller, Warehouses NW 62 ST LLC, who had held the asset since 2021. The financing secured for this deal plays a crucial role in its realization, indicating strategic investment plans by 1055 Station LLC.

Players

Juan Andres Nava
Metro 1 Commercial
Juan Andres Nava
35 deals$193.4M volume
BROKER

Details

SOLD
IMAGE: Juan Andres Nava DATE: 01/27/2025 ADDRESS: 1055 Northwest 62nd Street MARKET: Miami ASSET TYPE: Retail ~ ACRES: 0.87 BUYER: Nicolas Brocherie - 1055 Station LLC SELLER: Victor Uzan - Warehouses NW 62 ST LLC BROKER: Juan Andres Nava (@JuanAndresNavaCRE) - Metro 1 Commercial (@Metro1CRE) SALE PRICE: $3,100,000 SF: 11,765 ~ PPSF: $263 NOTE: 1055 STATION LLC acquired an 11,765 SF industrial flex property in Miami for $3.1M from WAREHOUSES NW 62 ST LLC, with Juan Andres Nava of Metro 1 Commercial representing the buyer. The purchase was financed with a $2.75M loan, maturing in 2028, while the seller previously bought the property for $1.75M in 2021.

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

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98