Tomas Pequeno Acquires Retail Property In Miami For $26M
SOLD
$26,000,000
Florida
See Similar DealsRetail66,000 SF
Sold 01/06/2022
SOLD
Tomas Pequeno Acquires Retail Property In Miami For $26M
12700 SW 128 St, Miami, Florida 33186, United States
See Similar DealsRetail66,000 SF
Sold 01/06/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$393
Total Square Footage:66,000 SF
Transaction Type:Sale
Located at 12700 SW 128 Street in Miami, this retail property was recently sold in a closed transaction. The property spans approximately 66,000 square feet, with a price per square foot of $394. The sale price for the property was $26,000,000. The transaction took place on January 6, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,000,000
- Date: 01/06/2022
- Address: 12700 SW 128 Street
- Market: Miami
- Square Footage: 66,000
- Price per Square Foot: $394
Tomas Pequeno was the buyer in this transaction, while Alvaro Adrian acted as the seller. Margot Chomat from County Line Realty represented both parties as the broker in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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