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Guardian Life Insurance Refinances Retail Property In Miami Gardens For $16.8M

Property Image
FINANCED
$16,800,000
Reid Carleton
Christopher (Chris) Drew
Brian Gaswirth
+ 1

Florida

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Retail117,829 SF
Financed 10/22/2021
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Property Image
FINANCED

Guardian Life Insurance Refinances Retail Property In Miami Gardens For $16.8M

18350 Northwest 7th Avenue, Miami, FL 33169, USA

See Similar Deals
Retail117,829 SF
Financed 10/22/2021
Reid Carleton
Christopher (Chris) Drew
Brian Gaswirth
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$142
Total Square Footage:117,829 SF
Transaction Type:Loan

The retail property located at 18350 NW 7th Avenue in Miami Gardens has been involved in a recent transaction. The property spans approximately 117,829 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $16,800,000
  • Address: 18350 NW 7th Avenue, Miami Gardens
  • Market: Miami Gardens

The loan for this transaction was provided by Guardian Life Insurance Company for a refinance amount of $16,800,000. The landlord in this deal is MMG Equity Partners, represented by Gabriel Navarro. JLL Capital Markets facilitated the transaction, with Chris Drew, Brian Gaswirth, and Reid Carleton serving as the brokers involved.

Players

Brian Gaswirth
JLL
Brian Gaswirth
45 deals$6.3B volume(305) 421-6554
BROKER
Christopher (Chris) Drew
JLL
Christopher Drew
48 deals$4.7B volume(305) 421-6551
BROKER
Reid Carleton
JLL
Reid Carleton
12 deals$653.4M volume
BROKER
Gabriel Navarro
MMG Equity Partners
Gabriel Navarro
11 deals$180.5M volume
LANDLORD

Details

FINANCED
IMAGE: Gabriel Navarro DATE: 10/22/2021 ADDRESS: 18350 NW 7th Avenue MARKET: Miami Gardens ASSET TYPE: Retail ~ SF: 117,829 LENDER: Guardian Life Insurance Company LANDLORD: MMG Equity Partners - Gabriel Navarro (@GabeNavarro) BROKERS: Chris Drew, Brian Gaswirth & Reid Carleton - JLL Capital Markets LOAN AMOUNT: $16,800,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,800,000.00

Monthly NOI$112,000.00
Monthly Debt Service$106,187.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00