facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

12700 SW 128 St, Miami, Flo...

Tomas Pequeno Acquires Retail Property In Miami For $26M
SOLDRetail

Tomas Pequeno Acquires Retail Property In Miami For $26M

12700 SW 128 St, Miami, Florida 33186, United States

$26,000,000

$393/SF

Building Size

66,000 SF

Asset Type

Retail

Closing

Jan 6, 2022

AI

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.

Players

Margot Chomat

Broker

$29.8M

vol

2 deals

Broker

Tomas Pequeno

Buyer

$38.5M

vol

4 deals

Buyer

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93