Tony Arellano & Devlin Marinoff Represent Sale Of Retail Asset At 345 Northwest 24th Street For $3,020,000
345 Northwest 24th Street
$3,020,000
$1,663/SF
Building Size
1,816 SF
Asset Type
Retail
Closing
Jun 21, 2026
AI
The transaction involved a retail asset located at 345 Northwest 24th Street in Miami. The sale price for the property was $3,020,000, with a total square footage of 1,816, translating to a price per square foot of $1,662.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,020,000
- Square Footage: 1,816
- Price per Square Foot: $1,662
- Address: 345 Northwest 24th Street
- Market: Miami
The brokers representing the transaction were Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors, playing a critical role in facilitating the deal.
Players
Market 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
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93