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13001 Northwest 7th Avenue

Eli Dadon Acquires Retail Property In North Miami For $3.025M With APEX Capital Realty Representation
SOLDRetail

Eli Dadon Acquires Retail Property In North Miami For $3.025M With APEX Capital Realty Representation

13001 Northwest 7th Avenue

$3,025,000

$154/SF

Building Size

19,530 SF

Asset Type

Retail

Closing

Oct 31, 2024

AI

The property asset involved in the transaction is a retail space located at 13001 Northwest 7th Avenue in North Miami. The sale price was $3,025,000, with a total square footage of 19,530 and a price per square foot of $154. The lot size is 43,598 square feet, translating to a price per lot square foot of $69.

Summary of transaction details:

The transaction featured Eli Dadon as the buyer and Jack Tarboulos as the seller, both represented by agents from APEX Capital Realty. Tatiana Escobar represented the buyer, while Paola Chapman represented the seller in this retail property transaction.

Players

Tatiana Escobar

APEX Capital Realty

Broker

$17.5M

vol

6 deals

Broker

North 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

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93