Marrero Capital Investments Acquires Mixed-use Property In Virginia Gardens For $7.6M

A mixed-use property located at 6405 Northwest 36th Street in Virginia Gardens was sold for $7,600,000. The asset encompasses a total square footage of 48,881, translating to a price per square foot of $155.48, and reflects a 6.8% cap rate. Currently, the building is 100% leased, combining office and warehouse space, indicating strong value-add potential as the existing rents are short-term and below market rates.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,600,000
• Address: 6405 Northwest 36th Street
• Market: Virginia Gardens
• Square Footage: 48,881
• Price per Square Foot: $155.48
• Cap Rate: 6.8%
• Buyer: Marrero Capital Investments
• Seller: Daniel Taha
• Buyer's Representative: Joseph Suarez - Trustpoint Realty
• Seller's Representative: Miguel Alcivar - Cushman & Wakefield

The transaction involved key participants including buyer Marrero Capital Investments and seller Daniel Taha, with Joseph Suarez and Miguel Alcivar representing the buyer and seller, respectively. The deal signifies an active investment opportunity in a property boasting a unique blend of office and warehouse space, facilitating a solid investment strategy in a competitive market.