Oscar Martinez Sondon Acquires Mixed-Use Property On NW 27th Ave In Miami
63-69 Northwest 27th Avenue
$1,750,000
$249/SF
Building Size
7,003 SF
Asset Type
Mixed-use
Closing
May 22, 2024
AI
Located in the heart of vibrant Little Havana, 63-69 NW 27 Ave is a mixed-use property recently sold for $1,750,000. Spanning 7,003 square feet, the property consists of retail space ideal for a bakery, situated on a 11,800 square foot lot in Miami.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Market: Miami
- Square Footage: 7,003
- Price per Square Foot: $250
- Lot Size: 11,800 square feet
- Price per Lot Square Foot: $148
- Buyer: Oscar Martinez Sondon - Dr Baker Holdings
- Seller: Camilo Sansores
- Seller's Rep: Carl Gorman & Tatiana Escobar - APEX Capital Realty
Oscar Martinez Sondon of Dr Baker Holdings was the buyer in this transaction, acquiring the property from seller Camilo Sansores. Representing the seller was the duo of Carl Gorman and Tatiana Escobar from APEX Capital Realty. The property's prime location in Little Havana, with its high-traffic volume, makes it an attractive investment for the buyer looking to run a bakery in the bustling Miami market.
Players
Fort Lauderdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93