Jimmy Saada Of Mulberry Miami Investments Acquires Retail Space In Miami Beach For $4.55M
1323 Washington Avenue
$4,550,000
$491/SF
Building Size
9,266 SF
Asset Type
Retail
Closing
Nov 4, 2025
AI
The property involved in this transaction is a retail asset located at 1323 Washington Avenue in Miami Beach. The sale price of the property was $4,550,000, and it encompasses a total square footage of 9,266, translating to a price per square foot of approximately $491.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000
- Property Address: 1323 Washington Avenue
- Market: Miami Beach
- Buyer: Jimmy Saada - Mulberry Miami Investments
- Buyer's Representative: Greg Corbin & Felix Ades - Northgate Real Estate Group
- Seller's Representative: Jason Welt - Trustee Realty Inc
- Lender: Hirshmark Capital – Bert R Dweck
This transaction features key individuals such as the buyer, Jimmy Saada, representing Mulberry Miami Investments, alongside his representatives, Greg Corbin and Felix Ades from Northgate Real Estate Group, who facilitated the transaction. Jason Welt from Trustee Realty Inc served as the seller's representative in this deal, while financing was provided by Bert R Dweck from Hirshmark Capital.
Players
Miami Beach 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93