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Alihan M. Yalcindag Acquires Retail Property In Miami From Harry Benitah For $9.3M
SOLD
$9,300,000
Florida
See Similar DealsRetail23,468 SF
Sold 02/18/2025
SOLD
Alihan M. Yalcindag Acquires Retail Property In Miami From Harry Benitah For $9.3M
4670 Northeast 2nd Avenue
See Similar DealsRetail23,468 SF
Sold 02/18/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$396
Total Square Footage:23,468 SF
Transaction Type:Sale
A 23,468-square-foot mixed-use retail property was sold for $9,300,000 at 4670 Northeast 2nd Avenue in the Miami market. The property encompasses 0.28 acres and carries a price per square foot of $396. The transaction showcases a significant investment in the retail sector in this location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,300,000
- Address: 4670 Northeast 2nd Avenue
- Market: Miami
- Square Footage: 23,468
- Price per Square Foot: $396
- Buyer: Alihan M. Yalcindag - MADA Miami Investment LLC
- Seller: Harry Benitah - RFIF LLC
- Broker: Juan Andres Nava - Metro 1 Commercial
MADA Miami Investment LLC, connected to Alihan M. Yalcindag, has completed the purchase from RFIF LLC, associated with Harry Benitah. The representation in this transaction was carried out by Juan Andres Nava from Metro 1 Commercial, acting on behalf of the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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