SOLDRetail
Gabriela Ortega Sells Retail Property In Miami For $2.8M
6310 Northeast 2nd Avenue
$2,800,000
$214/SF
Building Size
13,076 SF
Asset Type
Retail
Closing
May 20, 2024
About this deal
AI
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:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 6310 Northeast 2nd Avenue
- Market: Miami
- Seller: Gabriela Ortega
- Brokers: Juan Andres Nava, Josh Rosa & Djinji Brown - Metro 1 Commercial
- SF: 13,076
- PPSF: $214
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.
On the Map
$2,800,000
$214/SF
Retail
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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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93