Mike Zikri Acquires Retail Property In Miami For $2.25M
5401 Northwest 2nd Avenue, 183 Northwest 54th Street & 173 NW 54th Street
$2,250,000
$63/SF
Building Size
35,313 SF
Asset Type
Retail
Closing
Dec 15, 2023
AI
An 11,771 square-foot retail property located at 5401 Northwest 2nd Avenue, 183 NW 54th St & 173 NW 54th Street in Miami has been sold for $2,250,000. The property was sold in a closed transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,250,000
- Size: 11,771 square feet
- Price per Square Foot: $191
- Address: 5401 Northwest 2nd Avenue, 183 NW 54th St & 173 NW 54th Street, Miami
- Market: Miami
The buyer in this transaction was Mike Zikri, while Arsene Omega acted as the seller. The deal was facilitated by the broker representatives Yaacov Poston, Uri Redler, Shlomo Poston, and Alon Elbaz of The Real Estate Lab.
Players
Boca Raton 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93