Louis Toledo Acquires Retail Property At 7020 Nw 72 Ave Miami From Daniel Shamy For $8.55M
7020 Nw 72 Ave
$8,550,000
$428/SF
Building Size
19,955 SF
Asset Type
Retail
Closing
Dec 12, 2024
AI
The property involved in this transaction is a retail asset located at 7020 Nw 72 Ave in Miami, featuring a total square footage of 19,955. The transaction was executed for a price of $8,550,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,550,000.00
- Address: 7020 Nw 72 Ave
- Market: Miami
- Square Footage: 19,955
- Buyer: Louis Toledo
- Seller: Daniel Shamy
- Brokers: Arthur Porosoff, Andros Sarduy (Synergy Realty Advisors)
This transaction was facilitated by brokers Arthur Porosoff and Andros Sarduy, who represent Synergy Realty Advisors in this deal. The exchange was completed on 12/12/2024, marking a significant event in the Miami retail market.
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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93