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Pontegadea Acquires Retail Property From Commerz Real RFR & TriCap In Miami

Property Image
SOLD
Marcella Fasulo
Joshua King
+ 5

Florida

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Retail24,205 SF
Sold 09/17/2025
the dealplayerscompscontact
Property Image
SOLD

Pontegadea Acquires Retail Property From Commerz Real RFR & TriCap In Miami

130 Northeast 40th Street

See Similar Deals
Retail24,205 SF
Sold 09/17/2025
Marcella Fasulo
Joshua King
+ 5
Contact now

Summary

FLORIDA
Asset Type:Retail
Total Square Footage:24,205 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 130 Northeast 40th Street in Miami. The transaction was completed on September 17, 2025, involving a sale. The buyer for this property was Pontegadea, while the sellers were Commerz Real, RFR, and TriCap.

Summary of transaction details:

Key individuals involved in this deal included Adam Spies, Doug Harmon, Marcella Fasulo, Adam Doneger, Josh King, Ben Lushing, Conor Lalor, and Eric Williams, all affiliated with Newmark as brokers representing the transaction.

Players

Adam Doneger
190 deals$50.2B volume(516) 317-7837
BROKER

Adam Spies
Newmark
263 deals$71.8B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
130 deals$47.6B volume
BROKER

Joshua King
Newmark
115 deals$32.8B volume(212) 850-5427
BROKER

Marcella Fasulo
Newmark
94 deals$25.9B volume
BROKER

Eric Williams
Newmark
52 deals$2.8B volume
BROKER

Benjamin (Ben) Lushing
Newmark
18 deals$3.1B volume
BROKER

Conor Lalor
Newmark
10 deals$1.4B volume(404) 956-3295
BROKER

Newmark
BROKERAGE



RFR
SELLER

Details

SOLD
IMAGE: Adam Spies, Doug Harmon, Marcella Fasulo, Adam Doneger, Ben Lushing, Josh King, Conor Lalor & Eric Williams DATE: 09/17/2025 ADDRESS: 130 Northeast 40th Street MARKET: Miami ASSET TYPE: Retail BUYER: Pontegadea SELLER: Commerz Real, RFR & TriCap BROKERS: Adam Spies, Doug Harmon, Marcella Fasulo (@MMFasulo), Adam Doneger (@ADoneger), Josh King, Ben Lushing (@BenLushing), Conor Lalor & Eric Williams - Newmark (@Newmark)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,893,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$392,583.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$523,826.37
Annual Debt Service$6,285,916.49