Amy Gonzalez Acquires Retail Property In Miami From Rosalind Brewer-Walgreens For $6.9M
1699 NW 7th St Miami, FL 33125, USA
$6,908,758
$459/SF
Building Size
15,035 SF
Asset Type
Retail
Closing
Jul 31, 2023
AI
A retail property located at 1699 Northwest 7th Street in Miami has been sold for a price of $6,908,758. The property spans 15,035 square feet with a price per square foot of $460. The seller of the property is Rosalind Brewer, representing Walgreens, while the buyer is Amy Gonzalez. The transaction took place on July 31, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,908,758
- Property Address: 1699 Northwest 7th Street, Miami
- Square Footage: 15,035
- Price per Square Foot: $460
- Seller: Rosalind Brewer - Walgreens
- Buyer: Amy Gonzalez
Eduardo Toledo and Jonathan De LaRosa from Marcus & Millichap, along with Jeffrey Cicurel and Alex Sharrin from JLL, served as the brokers in this transaction. They played a crucial role in facilitating the deal between the buyer and seller.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93