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Sara Victoria Agudelo Acosta Purchases Retail Asset In Miami For $3 Million From Jennifer Berriel

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SOLD
$3,000,000

Florida

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Retail4,487 SF
Sold 12/20/2024
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SOLD

Sara Victoria Agudelo Acosta Purchases Retail Asset In Miami For $3 Million From Jennifer Berriel

11720 Northeast 2nd Avenue

See Similar Deals
Retail4,487 SF
Sold 12/20/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$668
Total Square Footage:4,487 SF
Transaction Type:Sale

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

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

Alexander Reyes
APEX Capital Realty
3 deals$13M volume(786) 547-4777
BROKER

Details

SOLD
IMAGE: Alexander Reyes & Adriano Salucci DATE: 12/20/2024 ADDRESS: 11720 Northeast 2nd Avenue MARKET: Miami ASSET TYPE: Retail BUYER: Sara Victoria Agudelo Acosta SELLER: Jennifer Berriel SELLER'S REP: Adriano Salucci & Alexander Reyes - APEX Capital Realty (@APEXCapitalRealty) SALE PRICE: $3,000,000 SF: 4,487 ~ PPSF: $668 LAND SF: 40,329 ~ PPLandSF: $74

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

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37