Dany Sebaaly Purchases Retail Asset In Miami From John Shook For $5 Million
1095 Northwest 23rd Street
$5,000,000
$500/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 23, 2026
AI
The asset involved in this transaction is a retail property located at 1095 Northwest 23rd Street in the Miami market. The sale price for the property was $5,000,000, and it encompasses 10,000 square feet, resulting in a price per square foot of $500.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 1095 Northwest 23rd Street
- Market: Miami
- Square Footage: 10,000
- Price per Square Foot: $500
- Buyer: Dany Sebaaly
- Seller: John Shook
- Brokers: Noah Fox, Riley Whitman & Lyle Stern - Vertical Real Estate
Noah Fox, Riley Whitman, and Lyle Stern from Vertical Real Estate represented the deal, facilitating the transaction between the buyer and seller. The brokers noted their success in sourcing an owner/user for the warehouse in Allapattah and expressed their commitment to aiding the neighborhood's evolution.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93