David Tunnel Acquires Retail Property In Wynwood, Miami For $2.5M
3425 Northeast 2nd Avenue, Miami, FL 33137
$2,500,000
$1,153/SF
Building Size
2,168 SF
Asset Type
Retail
Closing
May 4, 2021
About this deal
AI
A retail property located at 3425 NE 2nd Ave in Wynwood, Miami has been sold for $2,500,000. The property spans 2,168 square feet, with a price per square foot of $1,153. The transaction took place on 05/05/2021. The buyer was David Tunnel, while the seller was Juan Cachoua. Jonathan De La Rosa from an undisclosed agency represented both parties as the broker.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 3425 NE 2nd Ave, Wynwood, Miami
- Market: Wynwood, Miami
The deal was facilitated by Jonathan De La Rosa, a broker from an undisclosed agency. However, no further details about the individuals or companies involved in the transaction were provided.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93