Five Points Retail LLC Acquires Retail Property In Miami For $3.3 Million From FI Real Estate
2223 Southwest 13th Avenue
$3,300,000
$671/SF
Building Size
4,912 SF
Asset Type
Retail
Closing
Jun 16, 2026
About this deal
AI
A retail property featuring a two-story building constructed in 1947 is located at 2223 Southwest 13th Avenue in Miami, FL. The property spans 4,912 square feet on a site of 0.07 acres and was acquired for a total of $3,300,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Buyer: Five Points Retail LLC
- Seller: FI Real Estate
- Broker: Vladimir Golik - KW Commercial
- Lender: Terrabank
- Loan Amount: $1,200,000
- Year Built: 1947
- Square Footage: 4,912 SF
- Price Per Square Foot: $672
Five Points Retail LLC, an entity associated with Manuel R. Seage, executed the purchase of the property from FI Real Estate, facilitated by broker Vladimir Golik from KW Commercial. The financing for this acquisition was secured with a loan from Terrabank.
On the Map
$3,300,000
$671/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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93