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Javier Carbonell Acquires Retail Property From Abdulsalem Musem In Miami For $1.575M

Property Image
SOLD
$1,575,000

Florida

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Retail4,800 SF
Sold 11/06/2024
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Property Image
SOLD

Javier Carbonell Acquires Retail Property From Abdulsalem Musem In Miami For $1.575M

336 Northwest 12th Avenue

See Similar Deals
Retail4,800 SF
Sold 11/06/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$328
Total Square Footage:4,800 SF
Transaction Type:Sale

A retail property located at 336 Northwest 12th Avenue in Miami has been sold for $1,575,000. The asset spans 4,800 square feet and is situated on a 0.23-acre lot. This single-story building, constructed in 1936, operates under the zoning classification T6-8-O.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,575,000
  • Buyer: Javier Carbonell
  • Seller: Abdulsalem Musem
  • Broker: Christopher Carbonell - Fausto Commercial Realty Consultants
  • Square Footage: 4,800
  • Price per Square Foot: $328
  • Financing: $1.08 million loan from First American Bank
  • Acres: 0.23
  • Construction Year: 1936
  • Zoning: T6-8-O

Christopher Carbonell from Fausto Commercial Realty Consultants represented the seller, Abdulsalem Musem, in this transaction. Javier Carbonell, the buyer, has successfully acquired the strip retail property as of November 6, 2024.

Players

Christopher Carbonell
Fausto Commercial Realty Consultants
Christopher Carbonell
5 deals$7M volume(305) 443-7423
BROKER

Details

SOLD
IMAGE: Christopher Carbonell DATE: 11/06/2024 ADDRESS: 336 Northwest 12th Avenue MARKET: Miami ASSET TYPE: Retail ~ ACRES: 0.23 BUYER: Javier Carbonell SELLER: Abdulsalem Musem BROKER: Christopher Carbonell - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $1,575,000 SF: 4,800 ~ PPSF: $328 NOTE: Javier C. Carbonell acquired a 4,800-square-foot strip retail property on 0.23 acres for $1.575 million, financed with a $1.08 million loan from First American Bank. The single-story building, built in 1936, is zoned T6-8-O.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$84,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64