Waserstein Nunez & Foodman Acquire Retail Property In Miami For $2.46M From Fifteen Group Capital And Adler Properties
2800 Ne 2nd Ave
$2,460,000
Building Size
—
Asset Type
Retail
Closing
Apr 13, 2016
About this deal
AI
The retail asset located at 2800 Ne 2nd Ave in Miami was sold for $2,460,000.00. This transaction took place on April 13, 2016, indicating a significant movement in the Miami market for retail properties.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,460,000.00
- Buyer: Waserstein Nunez & Foodman
- Seller: Fifteen Group Capital, LLC and Adler Properties
- Brokers: Tony Arellano (DWNTWN Realty Advisors)
The deal was facilitated by Tony Arellano, representing DWNTWN Realty Advisors. The involvement of established entities as the seller and buyer highlights the transaction’s significance within the local market.
On the Map
$2,460,000
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
6.45%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93