Pontegadea Acquires Retail Property From Commerz Real RFR & TriCap In Miami
130 Northeast 40th Street
Building Size
24,205 SF
Asset Type
Retail
Closing
Sep 16, 2025
AI
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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 130 Northeast 40th Street
- Market: Miami
- Buyer: Pontegadea
- Seller: Commerz Real, RFR & TriCap
- Brokers: Adam Spies, Doug Harmon, Marcella Fasulo, Adam Doneger, Josh King, Ben Lushing, Conor Lalor & Eric Williams - Newmark
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
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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93