Sara Victoria Agudelo Acosta Purchases Retail Asset In Miami For $3 Million From Jennifer Berriel
11720 Northeast 2nd Avenue
$3,000,000
$668/SF
Building Size
4,487 SF
Asset Type
Retail
Closing
Dec 20, 2024
AI
The transaction involves a retail asset located at 11720 Northeast 2nd Avenue in Miami. The property has a sale price of $3,000,000, with a total square footage of 4,487. It sits on a land area of 40,329 square feet, reflecting a price per square foot of $668 and a price per land square foot of $74.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 11720 Northeast 2nd Avenue
- Market: Miami
- Square Footage: 4,487
- Land Square Footage: 40,329
- Price per Square Foot: $668
- Price per Land Square Foot: $74
- Buyer: Sara Victoria Agudelo Acosta
- Seller: Jennifer Berriel
- Seller's Representative: Adriano Salucci & Alexander Reyes - APEX Capital Realty
Key individuals in this transaction include buyer Sara Victoria Agudelo Acosta and seller Jennifer Berriel, with Adriano Salucci and Alexander Reyes representing the seller through APEX Capital Realty.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93