Adam Ramer Acquires Retail Property In Miami From Aron & Shelby Rosenberg For $4.5M
3404 North Miami Avenue, Miami, Florida 33127, United States
$4,533,340
$952/SF
Building Size
4,758 SF
Asset Type
Retail
Closing
Jun 28, 2022
About this deal
AI
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.
On the Map
$4,533,340
$952/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
3.50%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93