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885 Southeast Monterey Road

Mark Pawuk Acquires Retail Property In Stuart For $2.2M
SOLDMultiFamily

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

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

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

Daniel Dominguez

Seller

$8.5M

vol

2 deals

Seller

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