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130 Northeast 40th Street

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

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:

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

Newmark

Broker

$50.5B

vol

192 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$72.1B

vol

265 deals

Broker
Newmark
NewmarkBrokerage
CR
Commerz RealSeller
RFR
RFRSeller

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