Maximo Alvarez And Sandra Reus Acquire Retail Asset From Natalie Morhous In Miami For $3.4M
18302 Northwest 7th Avenue
$3,400,000
$384/SF
Building Size
8,850 SF
Asset Type
Retail
Closing
Oct 20, 2026
About this deal
AI
The transaction involved an 8,850-square-foot retail asset located at 18302 Northwest 7th Avenue in Miami. The property was acquired for $3.4 million, resulting in a price per square foot of $384.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Buyer: Maximo Alvarez & Sandra Reus
- Seller: Natalie Morhous - RaceTrac
- Market: Miami
- Square Footage: 8,850
- Price per Square Foot: $384
Maximo Alvarez and Sandra Reus engaged in this transaction with Natalie Morhous, who is the CEO of RaceTrac, facilitating the sale of the retail asset. This deal highlights the involvement of prominent individuals within the retail sector in Miami.
On the Map
$3,400,000
$384/SF
Retail
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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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93