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
About this deal
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
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