All You Need Cafe Acquires Retail Space From La Causa For $500,000 In Miami
3301 Northeast 1st Avenue
$500,000
$454/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Oct 16, 2024
About this deal
AI
The retail property located at 3301 Northeast 1st Avenue in the Miami market has been sold for a transaction amount of $500,000. The property features a total square footage of 1,100, resulting in a price per square foot of $454.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $500,000
- Address: 3301 Northeast 1st Avenue
- Market: Miami
- Square Footage: 1,100
- Price per Square Foot: $454
- Buyer: All you need Cafe
- Seller: La Causa
- Buyer's Representative: Cesar Jimenez - SellBuyRestaurants.com
- Seller's Representative: Ilan Sitt - Sherpa Consultancy
This transaction involved key representatives in the restaurant industry, with Cesar Jimenez representing the buyer, All you need Cafe, and Ilan Sitt representing the seller, La Causa, through their respective agencies. The successful closing of this deal reflects the active engagement within the retail sector in Miami.
On the Map
$500,000
$454/SF
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
31.73%
Cash-on-Cash
-9.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93