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
About this deal
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.
On the Map
$2,125,000
$189/SF
Retail
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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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93