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1323 Washington Avenue

Jimmy Saada Of Mulberry Miami Investments Acquires Retail Space In Miami Beach For $4.55M
SOLDRetail

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

Greg Corbin

Northgate Real Estate Group

Broker

$1.2B

vol

85 deals

Broker
Northgate Real Estate Group
Northgate Real Estate GroupBrokerage
Hirshmark Capital
Hirshmark CapitalLender

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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