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6310 Northeast 2nd Avenue

Gabriela Ortega Sells Retail Property In Miami For $2.8M
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

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:

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

Metro 1 Commercial

Broker

$193.4M

vol

35 deals

Broker

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