Nicolas Brocherie Acquires Retail Property In Miami For $1.25M
SOLD
$1,250,000
Florida
See Similar DealsRetail5,000 SF
Sold 05/17/2022
SOLD
Nicolas Brocherie Acquires Retail Property In Miami For $1.25M
5955 Northeast 2nd Avenue, Miami, Florida 33137, United States
See Similar DealsRetail5,000 SF
Sold 05/17/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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