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Anibal Duarte-Viera Acquires Retail Property From Patricia Beard In Wilton Manors For $2.7M

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SOLD
$2,700,000

Florida

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Retail6,342 SF
Sold 11/21/2024
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SOLD

Anibal Duarte-Viera Acquires Retail Property From Patricia Beard In Wilton Manors For $2.7M

2605 North Andrews Avenue

See Similar Deals
Retail6,342 SF
Sold 11/21/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$425
Total Square Footage:6,342 SF
Transaction Type:Sale

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

Adriano Salucci
29 deals$121.6M volume(305) 340-3584
BROKER

Felipe Escobar
APEX Capital Realty
15 deals$48.3M volume(305) 985-9295
BROKER

Yoni Sunshine
APEX Capital Realty
15 deals$38.9M volume(216) 973-9534
BROKER

Details

SOLD
IMAGE: Felipe Escobar, Yoni Sunshine & Adriano Salucci DATE: 11/21/2024 ADDRESS: 2605 North Andrews Avenue MARKET: Wilton Manors ASSET TYPE: Retail ~ ACRES: 1.31 BUYER: Anibal Duarte-Viera - 2605 Wilton Group SELLER: Patricia Beard BUYER'S REP: Yoni Sunshine (@YoniSunshine) - APEX Capital Realty (@APEXCapitalRealty) SELLER'S REP: Felipe Escobar (@FelipEsc0bar) & Adriano Salucci - APEX Capital Realty (@APEXCapitalRealty) SALE PRICE: $2,700,000 SF: 6,342 ~ PPSF: $425 LOT SF: 57,209 ~ PPLSF: $47

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53