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El Chalecito Restaurant Acquires Retail Property From Zilla 1798 Real Estate LLC For $1.3M
SOLD
$1,300,000
Florida
See Similar DealsRetail4,930 SF
Sold 09/24/2025
SOLD
El Chalecito Restaurant Acquires Retail Property From Zilla 1798 Real Estate LLC For $1.3M
1798 West Flagler Street
See Similar DealsRetail4,930 SF
Sold 09/24/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$263
Total Square Footage:4,930 SF
Transaction Type:Sale
A retail property located at 1798 West Flagler Street in Miami, covering an area of 4,930 square feet, was sold for $1,300,000. The sale price translates to $264 per square foot. The property spans across an area of 0.14 acres and was previously owned by Zilla 1798 Real Estate LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,300,000
- Address: 1798 West Flagler Street
- Market: Miami
- Seller: Zilla 1798 Real Estate LLC
- Buyer: El Chalecito Restaurant
- Brokers: Adriano Salucci & Miguel Pinto - APEX Capital Realty
- Square Footage: 4,930
- Price Per Square Foot: $264
- Acres: 0.14
El Chalecito Restaurant acquired the retail space through a transaction facilitated by brokers Adriano Salucci and Miguel Pinto from APEX Capital Realty. This transaction highlights the involvement of the brokerage firm in connecting the buyer and seller in this property deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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