Adam Ramer Acquires Retail Property In Miami From Aron & Shelby Rosenberg For $4.5M
SOLD
$4,533,340
+ 1
Florida
See Similar DealsRetail4,758 SF
Sold 06/29/2022
SOLD
Adam Ramer Acquires Retail Property In Miami From Aron & Shelby Rosenberg For $4.5M
3404 North Miami Avenue, Miami, Florida 33127, United States
See Similar DealsRetail4,758 SF
Sold 06/29/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$952
Total Square Footage:4,758 SF
Transaction Type:Sale
Located at 3404 N Miami Ave in Miami, this retail property was recently sold in a closed transaction. The property spans 4,900 square feet, with a price per square foot of $925. The sale price for this asset was $4,533,340, resulting in a cap rate of 4.85%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,533,340
- Market: Miami
- Address: 3404 N Miami Ave
The buyer of this property was Adam Ramer, while the sellers were Aron & Shelby Rosenberg. Representing the buyer and seller respectively were Scott Sandelin and Jonathan De La Rosa from Marcus & Millichap. The successful transaction was finalized on 06/29/2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$241,778.12
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,106.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,490.34
Annual Debt Service$257,884.13
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