facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Loan

/

11975 South Dixie Highway

Gabriel Navarro, Marcel Navarro & Marcos Puente Secures $38 Million Refinance Loan From Synovus
FINANCEDRetail

Gabriel Navarro, Marcel Navarro & Marcos Puente Secures $38 Million Refinance Loan From Synovus

11975 South Dixie Highway, 10969 Southwest 40th Street, 27000 Dixie Highway & 11665 South Dixie Highway

$38,000,000

$297/SF

Building Size

127,823 SF

Asset Type

Retail

Closing

Jul 24, 2025

AI

The property asset involved in this transaction consists of four retail locations situated at 11975 South Dixie Highway, 10969 Southwest 40th Street, 27000 Dixie Highway, and 11665 South Dixie Highway, totaling 127,826 square feet in the Miami market.

Summary of transaction details:

The transaction highlights key individuals such as Gabriel Navarro, Marcel Navarro, and Marcos Puente, representing MMG Equity Partners as the landlords. The professionals facilitating the deal from JLL include Brian Gaswirth, Chris Drew, and Michael Romero, acting as the landlord's representatives.

Players

Brian Gaswirth

JLL

Broker

$6.3B

vol

45 deals

Broker
JLL
JLLBrokerage
Synovus Bank
Synovus BankLender
Marcos Puente

Marcos Puente

MMG Equity Partners

Landlord

$155.4M

vol

17 deals

Landlord
MMG Equity Partners
MMG Equity PartnersLandlord

Pinecrest Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93