facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

1699 NW 7th St Miami, FL 33...

Amy Gonzalez Acquires Retail Property In Miami From Rosalind Brewer-Walgreens For $6.9M
SOLDRetail

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

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
Rosalind Brewer

Rosalind Brewer

Walgreens

Seller

$74.2M

vol

5 deals

Seller

Miami 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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93