All You Need Cafe Acquires Retail Space From La Causa For $500,000 In Miami
SOLD
$500,000
Florida
See Similar DealsRetail1,100 SF
Sold 10/16/2024
SOLD
All You Need Cafe Acquires Retail Space From La Causa For $500,000 In Miami
3301 Northeast 1st Avenue
See Similar DealsRetail1,100 SF
Sold 10/16/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$454
Total Square Footage:1,100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$26,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,776.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,370.26
Annual Debt Service$28,443.06
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