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40 Northeast 1st Avenue

Titan Hayes Purchases Retail Asset From Zephyr Quinn At 2650 Ward Blvd For $5,980,000
SOLDRetail

Titan Hayes Purchases Retail Asset From Zephyr Quinn At 2650 Ward Blvd For $5,980,000

40 Northeast 1st Avenue

$5,980,000

$1,107/SF

Building Size

5,400 SF

Asset Type

Retail

Closing

Oct 14, 2025

AI

A retail property located at 2650 Ward Blvd in Wilson has been sold for a price of $5,980,000.00. The asset encompasses a total square footage of 5,400. This transaction highlights the dynamics of the retail market within the Wilson area.

Summary of transaction details:

The transaction involved key players, with Titan Hayes acting as the buyer and Zephyr Quinn as the seller. The brokerage team consisted of Arthur Porosoff and Alessandro Lima from Compass, along with Justin Natalizio, who facilitated the deal.

Players

Alessandro Lima

Compass

Broker

$106.4M

vol

29 deals

Broker

Titan Hayes

Buyer
Buyer

Zephyr Quinn

Seller
Seller

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

2.65%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93