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13621 NW 7th Ave, North Mia...

Eli Dadon Acquires Retail Property In North Miami For $2.65M
SOLDRetail

Eli Dadon Acquires Retail Property In North Miami For $2.65M

13621 NW 7th Ave, North Miami, FL, USA

$2,650,000

$131/SF

Building Size

20,156 SF

Asset Type

Retail

Closing

Feb 13, 2020

AI

The retail property located at 13621 NW 7th Ave, North Miami, was sold on February 14, 2020. The property, spanning 20,156 square feet, was transacted at a price of $2,650,000, equating to a price per square foot of $131. The sellers, Roberta & Marlene Miller, successfully closed the deal with the buyer, Eli Dadon.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,650,000
  • Address: 13621 NW 7th Ave, North Miami
  • Market: North Miami
  • Square Footage: 20,156
  • Price Per Square Foot: $131

Eli Dadon, representing the buyer's side, was instrumental in the completion of this transaction.

Players

Eli Dadon

Buyer

$29.7M

vol

2 deals

Buyer

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93