Adrian Sotolongo Leases 13,167 SF Mixed-use Space At 439 NW 4 Ave In Overtown, Miami
439 NW 4th Ave, Overtown, Miami, FL, USA
Building Size
13,167 SF
Asset Type
Mixed-use
Closing
Sep 1, 2021
AI
A mixed-use property located at 439 NW 4 Ave in Overtown, Miami has recently been leased. The property consists of various types of uses, such as residential, commercial, or industrial, all within the same building.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: September 1, 2021
- Address: 439 NW 4 Ave, Overtown, Miami
The landlord of the property is Bill Fuller and Martin Pinilla. On the other hand, the tenant is Adrian Sotolongo.
The leasing transaction was facilitated by two representatives from Metro 1 Commercial. The landlord was represented by Hector Antunez and Juan Andres Nava, while the tenant was represented by Andy Charry.
The asking rent for the property was set at $40 per square foot. The total area of the property is 13,167 square feet.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease 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