Larry Groll Purchases Retail Property In North Miami Beach For $2.3M
1850 Northeast 164th Street
$2,300,000
$188/SF
Building Size
12,210 SF
Asset Type
Retail
Closing
Feb 29, 2024
AI
The retail property located at 1850 Northeast 164th Street in North Miami Beach has been sold in a recent transaction. The property spans 12,210 square feet and was sold for $2,300,000, equating to a price per square foot of $188. The deal involved Larry Groll as the buyer and Moshe Minz as the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Buyer: Larry Groll
- Seller: Moshe Minz
- Brokers: Juan Andres Nava, Josh Rosa, Blake Groll, Sarah Groll & Andy Charry - Metro 1 Commercial
- Address: 1850 Northeast 164th Street, North Miami Beach
- Market: North Miami Beach
The transaction was facilitated by a team of brokers from Metro 1 Commercial, including Juan Andres Nava, Josh Rosa, Blake Groll, Sarah Groll, and Andy Charry. This collaborative effort led to the successful sale of the retail property, showcasing the expertise and dedication of the involved parties.
Players
North Miami Beach 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93