Gabriela Ortega Sells Retail Property In Miami For $2.8M
SOLD
Florida
See Similar DealsRetail13,076 SF
Sold 05/20/2024
SOLD
Gabriela Ortega Sells Retail Property In Miami For $2.8M
6310 Northeast 2nd Avenue
See Similar DealsRetail13,076 SF
Sold 05/20/2024
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:
- 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.
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Deal Type
30 years
10 years
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
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