RedSky Capital And JZ Capital Sell Miami Retail Property On Northwest 2nd Avenue For $24.2M
2621 Northwest 2nd Avenue, Miami, FL, USA
$24,200,000
$977/SF
Building Size
24,763 SF
Asset Type
Retail
Closing
Mar 29, 2021
About this deal
AI
Located at 2621 Northwest 2nd Avenue in Miami, this retail property recently changed hands in a closed transaction. The property spans over 24,763 square feet, with a price per square foot of $977. The sale took place on March 30, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,200,000
- Seller: RedSky Capital - Ben Bernstein & Ben Stokes; JZ Capital - David Zalaznick & Jay Jordan
- Market: Miami
The sale of this retail property was facilitated by RedSky Capital, represented by Ben Bernstein and Ben Stokes, as well as JZ Capital, represented by David Zalaznick and Jay Jordan.
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93