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18299 NW 27th Ave

Victor & Barbara Diaz Acquire Retail Property In Miami Gardens For $4.6M
SOLD

Victor & Barbara Diaz Acquire Retail Property In Miami Gardens For $4.6M

18299 NW 27th Ave

Building Size

Asset Type

Closing

Aug 1, 2022

AI

The retail property located at 18299 NW 27th Ave in Miami Gardens has been sold for $4,578,000. The property spans across 2,448 square feet, with a price per square foot of $1,870. The transaction took place on August 1, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,578,000
  • Address: 18299 NW 27th Ave
  • Market: Miami Gardens
  • Square Footage: 2,448
  • Price per Square Foot: $1,870

The property was purchased by Victor & Barbara Diaz. They were represented by Alejandro J. Gonzalez from Marcus & Millichap. The seller, Marcos Puente, was represented by Scott Sandelin and Giovanni Gaviria, also from Marcus & Millichap.

Players

Barbara Diaz

Buyer

$4.6M

vol

2 deals

Buyer

Marcos Puente

MMG Equity Partners

Seller

$155.4M

vol

17 deals

Seller

Miami Gardens CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93