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Gabriela Ortega Sells Retail Property In Miami For $2.8M

Property Image
SOLD
$2,800,000

Florida

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Retail13,076 SF
Sold 05/20/2024
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Property Image
SOLD

Gabriela Ortega Sells Retail Property In Miami For $2.8M

6310 Northeast 2nd Avenue

See Similar Deals
Retail13,076 SF
Sold 05/20/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$214
Total Square Footage:13,076 SF
Transaction Type:Sale

The retail property located at 6310 Northeast 2nd Avenue in Miami was sold for $2,800,000. Spanning 13,076 square feet, the property was acquired at a price of $214 per square foot.

Summary of transaction details:

The deal was facilitated by the brokers Juan Andres Nava, Josh Rosa, and Djinji Brown of Metro 1 Commercial, who played a key role in the successful transaction.

Players

Juan Andres Nava
35 deals$193.4M volume
BROKER

Josh Rosa
Metro 1 Commercial
7 deals$13.7M volume
BROKER

Djinji Brown
Metro 1 Commercial
1 deal$2.8M volume(305) 331-5836
BROKER

Details

SOLD
IMAGE: Djinji Brown, Juan Andres Nava & Josh Rosa DATE: 05/20/2024 ADDRESS: 6310 Northeast 2nd Avenue MARKET: Miami ASSET TYPE: Retail SELLER: Gabriela Ortega BROKERS: Juan Andres Nava (@JuanAndresNavacre), Josh Rosa (@JoshRosa.Cre) & Djinji Brown (@Djinji_Brown.Cre) - Metro 1 Commercial (@Metro1cre) SALE PRICE: $2,800,000 SF: 13,076 ~ PPSF: $214

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14