SOLDRetail
Michael Berry Acquires Store In Miami For $8.7M
2887 Northwest 5th Avenue, Miami, Florida 33127, United States
$8,711,200
$1,290/SF
Building Size
6,749 SF
Asset Type
Retail
Closing
Jul 21, 2022
About this deal
AI
A store located at 2887 NW 5th Ave in Miami, FL was recently sold for a total price of $8,711,200. The property has a total square footage of 6,749, which brings the price per square foot to $1,290.
Summary of transation details
- Property Type: Store
- Transaction Amount: $8,711,200
- Square Footage: 6,749
- Price Per Square Foot: $1,290
- Address: 2887 NW 5th Ave, Miami, FL
The buyer in this transaction was Michael Berry, while the sellers were Eun S Lee & Woo H Lee.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93