Anibal Duarte-Viera Acquires Retail Property From Patricia Beard In Wilton Manors For $2.7M
2605 North Andrews Avenue
$2,700,000
$425/SF
Building Size
6,342 SF
Asset Type
Retail
Closing
Nov 21, 2024
AI
The property located at 2605 North Andrews Avenue in Wilton Manors, which spans 1.31 acres, has been sold for $2,700,000. The total square footage of the retail asset is 6,342, translating to a price per square foot of $425. The lot size measures 57,209 square feet, with a price per lot square foot of $47.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 2605 North Andrews Avenue
- Market: Wilton Manors
- Lot Size: 1.31 acres
- Square Footage: 6,342
- Price Per Square Foot: $425
- Lot Square Footage: 57,209
- Price Per Lot Square Foot: $47
- Buyer: Anibal Duarte-Viera - 2605 Wilton Group
- Seller: Patricia Beard
- Buyer’s Representative: Yoni Sunshine - APEX Capital Realty
- Seller’s Representatives: Felipe Escobar & Adriano Salucci - APEX Capital Realty
The transaction involved key participants including the buyer, Anibal Duarte-Viera, representing 2605 Wilton Group, and the seller, Patricia Beard. Both parties were represented by APEX Capital Realty, with Yoni Sunshine acting on behalf of the buyer and Felipe Escobar along with Adriano Salucci representing the seller.
Players
Wilton Manors 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93