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5401 Northwest 2nd Avenue

Mike Zikri Acquires Retail Property In Miami For $2.25M
SOLDRetail

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

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

Mike Zikri

Buyer

$7.3M

vol

3 deals

Buyer

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