Joe Carrero Purchases Retail Property In Miami For $2.95 Million With Representation From PCK Commercial Real Estate Group
18651 Northeast 24th Place
$2,950,000
$393/SF
Building Size
7,496 SF
Asset Type
Retail
Closing
Jun 30, 2026
AI
The property involved in this transaction is a retail asset located at 18651 Northeast 24th Place, in the Miami market. The transaction was completed with a total sale price of $2,950,000, which translates to a price per square foot of $393 for the property that spans 7,496 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,950,000
- Address: 18651 Northeast 24th Place
- Market: Miami
- Square Footage: 7,496
- Price Per Square Foot: $393
- Buyer: Joe Carrero
- Seller: Gustavo Lumer
- Buyer's Representative: Andres Perez-Cervera - PCK Commercial Real Estate Group - Compass
- Seller's Representative: Facundo Taub - Lumer Real Estate
Andres Perez-Cervera represented the buyer, Joe Carrero, during the negotiation of this transaction, successfully securing the property for the buyer's new corporate headquarters. Facundo Taub represented the seller, Gustavo Lumer, facilitating the transaction with professionalism and collaboration.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93