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900 NW 36th St Miami, FL 33...

Nicholas Valverde Acquires Retail Property In Allapattah, Miami For $2.125M
SOLDRetail

Nicholas Valverde Acquires Retail Property In Allapattah, Miami For $2.125M

900 NW 36th St Miami, FL 33127, USA

$2,125,000

$189/SF

Building Size

11,193 SF

Asset Type

Retail

Closing

May 23, 2023

AI

The retail property located at 900 NW 36th Street in Allapattah, Miami has been sold. The transaction took place on 05/23/2023. The property spans 11,193 square feet and was sold for a total price of $2,125,000, resulting in a price per square foot of $190.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,125,000
  • Buyer: Nicholas Valverde
  • Seller: Patrick Francis
  • Brokers: Alex K. Tsoulfas and Joshua Jimenez from APEX Capital Realty

Nicholas Valverde was the buyer of the retail property, while Patrick Francis served as the seller. The transaction was facilitated by brokers Alex K. Tsoulfas and Joshua Jimenez from APEX Capital Realty.

Players

Alexandros Tsoulfas

STL Commercial

Broker

$143.9M

vol

29 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

7.46%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93