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18651 Northeast 24th Place

Joe Carrero Purchases Retail Property In Miami For $2.95 Million With Representation From PCK Commercial Real Estate Group
SOLDRetail

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

Andres Perez-Cervera

Compass

Broker

$26.8M

vol

9 deals

Broker
Gustavo Lumer

Gustavo Lumer

Lumer Real Estate

Seller

$5.2M

vol

2 deals

Seller

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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93