Alexander Alejo Sells Retail Asset At 2395 Northwest 7th Street Miami For $3.5M
2395 Northwest 7th Street
$3,500,000
$900/SF
Building Size
3,885 SF
Asset Type
Retail
Closing
Jun 3, 2025
AI
A retail property located at 2395 Northwest 7th Street in Miami has been sold for $3,500,000. The asset spans 3,885 square feet and occupies a 25,160 square foot lot, offering strong redevelopment potential. The sale emphasizes the prime central location of the building, which was previously operating as a school.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 3,885 SF
- Price Per Square Foot: $900
- Address: 2395 Northwest 7th Street, Miami, FL 33125
- Seller: Alexander Alejo
- Buyer's Representative: Joseph Suarez & Andres Villarreal - Trustpoint Realty
- Seller's Representative: Julianna Castro - Compass
This transaction highlights the collaboration between Trustpoint Realty and Compass in successfully closing the deal. The brokers utilized established relationships and market knowledge to facilitate the sale, showcasing their expertise in handling unique assets in the Miami area.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93