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
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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