SOLDRetail
Howard Roark Acquires Retail Property At 4730 NE 2nd Avenue, Buena Vista For $3M
4730 NE 2 Avenue
$3,000,000
$750/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Oct 27, 2022
AI
A retail property located at 4730 NE 2nd Avenue in Buena Vista has been sold for $3,000,000. The property spans 4,000 square feet, resulting in a price per square foot of $750. The transaction took place on October 27, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 4,000
- Price per Square Foot: $750
- Address: 4730 NE 2nd Avenue, Buena Vista
- Market: Buena Vista
Howard Roark purchased the property from Dale Russell. The transaction was facilitated by Alfredo Riascos of Gridline Properties.
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