Eli Dadon Acquires Retail Property In North Miami For $3.025M With APEX Capital Realty Representation
SOLD
$3,025,000
Florida
See Similar DealsRetail19,530 SF
Sold 10/31/2024
SOLD
Eli Dadon Acquires Retail Property In North Miami For $3.025M With APEX Capital Realty Representation
13001 Northwest 7th Avenue
See Similar DealsRetail19,530 SF
Sold 10/31/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$154
Total Square Footage:19,530 SF
Transaction Type:Sale
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:
- Property Type: Retail
- Transaction Amount: $3,025,000
- Square Footage: 19,530
- Price Per Square Foot: $154
- Lot Size: 43,598
- Price Per Lot Square Foot: $69
- Buyer: Eli Dadon
- Seller: Jack Tarboulos
- Buyer’s Representative: Tatiana Escobar - APEX Capital Realty
- Seller’s Representative: Paola Chapman - APEX Capital Realty
- Date of Transaction: 10/31/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$161,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,747.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,340.04
Annual Debt Service$172,080.52
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