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
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