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439 NW 4th Ave, Overtown, M...

Adrian Sotolongo Leases 13,167 SF Mixed-use Space At 439 NW 4 Ave In Overtown, Miami
LEASEDMixed-use

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

Andy Charry

STL Commercial

Broker

$53.5M

vol

10 deals

Broker

Bill Fuller

Barlington Group

Landlord

$89.9M

vol

9 deals

Landlord

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