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16585 Northwest 2nd Avenue

Updated Sep 3, 2026

Rich Rosa, Francesco Rumiano, And Lizette Quimper Acquire Retail Office In Miami For $1.7M
SOLDRetail

Rich Rosa, Francesco Rumiano, And Lizette Quimper Acquire Retail Office In Miami For $1.7M

16585 Northwest 2nd Avenue

$1,700,000

$295/SF

Building Size

5,750 SF

Asset Type

Retail

Closing

Aug 28, 2026

About this deal

AI

The property located at 16585 Northwest 2nd Avenue in Miami was sold for $1,700,000. This asset consists of a 5,750-square-foot retail, office, and medical building set on a 13,500-square-foot lot in North Miami Beach.

Summary of transation details:

Felipe Escobar identified the off-market opportunity, and Josh Rosa facilitated the transaction while providing support. The new ownership plans to renovate the property for delivery in early Q1 2027, with enhancements including a redesigned façade and upgraded features for potential tenants.

Players

Felipe Escobar

APEX Capital Realty

Broker

$56.7M

vol

17 deals

Broker

Rich Rosa

Buyer

$1.7M

vol

1 deal

Buyer

Peter Richman

Seller

$1.7M

vol

1 deal

Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $295 per square foot on a published $1.7M for 5,750 square feet (2026).

Visit Felipe Escobar to view all their deals.

Browse Miami retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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