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7020 Nw 72 Ave

Louis Toledo Acquires Retail Property At 7020 Nw 72 Ave Miami From Daniel Shamy For $8.55M
SOLDRetail

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:

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

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker

Louis Toledo

Buyer

$1.1M

vol

1 deal

Buyer

Daniel Shamy

Seller
Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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