Jeff Sorkin Acquires Retail Asset In Miami From Jacqueline Cabrera For $3,825,000
18750 Northwest 2nd Avenue
$3,825,000
$1,008/SF
Building Size
3,794 SF
Asset Type
Retail
Closing
Jun 4, 2026
AI
The property asset involved in this transaction is a retail space located at 18750 Northwest 2nd Avenue in the Miami market. The sale price for this asset was $3,825,000, with a size of 3,794 square feet, resulting in a price per square foot of $1,008.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,825,000
- Address: 18750 Northwest 2nd Avenue
- Market: Miami
- Square Footage: 3,794
- Price per Square Foot: $1,008
- Buyer: Jeff Sorkin
- Seller: Jacqueline Cabrera
- Seller's Representative: Jonathan De La Rosa & Scott Sandelin - Marcus & Millichap
The transaction included Jeff Sorkin as the buyer and Jacqueline Cabrera as the seller, with Jonathan De La Rosa and Scott Sandelin representing the seller through Marcus & Millichap. The deal showcases the involvement of these key individuals and their roles in this retail property sale.
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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93