facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

3299 Northwest 2nd Avenue

Jesus Diaz Buys Retail Property From Roberto Alvarez In Miami For $4M
SOLDRetail

Jesus Diaz Buys Retail Property From Roberto Alvarez In Miami For $4M

3299 Northwest 2nd Avenue

$4,000,000

$597/SF

Building Size

6,690 SF

Asset Type

Retail

Closing

May 16, 2024

AI

The retail property located at 3299 Northwest 2nd Avenue in Miami was sold for $4,000,000. The property spans 6,690 square feet with a price per square foot of $598. The lot size is 18,664 square feet, resulting in a price per lot square foot of $214.

Summary of transaction details:

Shelly Poston and Ernie Perez from Gridline Properties represented the buyer and seller respectively in the transaction involving the retail property in Miami. Jesus Diaz acquired the property from Roberto Alvarez at the specified price, facilitated by the expertise of the brokers.

Players

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93