Raudel Mesa Sells Retail Asset In Miami Beach For $8.4M
515 Jefferson Avenue
$8,400,000
$1,983/SF
Building Size
4,235 SF
Asset Type
Retail
Closing
Jul 8, 2024
AI
The retail property located at 515 Jefferson Avenue in Miami Beach was sold for $8,400,000. Spanning 4,235 square feet, the sale price equated to $1,983 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,400,000
- Address: 515 Jefferson Avenue
- Market: Miami Beach
- Seller: Raudel Mesa
- Brokers: Victor M. Jaramillo & Valery Scancella - CBI Real Estate
Victor M. Jaramillo and Valery Scancella, from CBI Real Estate, led the transaction, showcasing their expertise in maximizing property value. With a tailored approach, they ensured that the property stood out in Miami Beach's competitive market. The commitment to service by the brokers was evident throughout the listing to closing process, prioritizing the satisfaction and success of their clients.
Players
Miami Beach 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93