Mark Pawuk Acquires Retail Property In Stuart For $2.2M
885 Southeast Monterey Road
$2,200,000
$220/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
May 15, 2023
AI
The retail property located at 885 Southeast Monterey Road in Stuart has been sold. The property spans 10,000 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $220. The transaction took place on May 15, 2023.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 885 Southeast Monterey Road, Stuart
- Market: Stuart
- Buyer: Mark Pawuk
- Seller: Daniel Dominguez
- Buyer's Representative: Jill Kline & Marissa Crawford – Compass CORE4 Group
- Seller's Representatives: Jonathan De LaRosa & Brandon Holmes - Marcus & Millichap
The buyer, Mark Pawuk, acquired the retail property from the seller, Daniel Dominguez. Representing the buyer in the transaction were Jill Kline and Marissa Crawford from the Compass CORE4 Group. On the seller's side, Jonathan De LaRosa and Brandon Holmes from Marcus & Millichap acted as the seller's representatives.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93