Nicolas Brocherie Acquires Retail Property In Miami For $1.25M
5955 Northeast 2nd Avenue, Miami, Florida 33137, United States
$1,250,000
$250/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
May 16, 2022
AI
A retail property located at 5955 NE 2nd Ave in Miami was recently sold for $1,250,000. The property spans a total of 5,000 square feet and was purchased by Nicolas Brocherie from seller Stephen Choi. The sale was facilitated by brokers Juan Andres Nava and Josh Rosa from Metro 1 Commercial.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,250,000
- Address: 5955 NE 2nd Ave, Miami
- Market: Miami
- Buyer: Nicolas Brocherie
- Seller: Stephen Choi
- Brokers: Juan Andres Nava & Josh Rosa - Metro 1 Commercial
- Square Footage: 5,000
- Price per Square Foot: $250
The sale of this retail property underscores the successful collaboration between buyer Nicolas Brocherie and seller Stephen Choi. Both parties were represented by brokers Juan Andres Nava and Josh Rosa from Metro 1 Commercial. The transaction reflects the attractiveness of the Miami market and highlights the expertise and negotiation skills of the brokers involved.
Players
Miami 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93