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18299 Northwest 27th Avenue...

Victor & Barbara Diaz Acquire Miami Gardens Retail Property For $4.6M
SOLDRetail

Victor & Barbara Diaz Acquire Miami Gardens Retail Property For $4.6M

18299 Northwest 27th Avenue, Miami Gardens, Florida 33142, United States

$4,578,000

$1,870/SF

Building Size

2,448 SF

Asset Type

Retail

Closing

Jul 31, 2022

AI

The retail property located at 18299 NW 27th Ave in Miami Gardens has been sold for $4,578,000. The property spans 2,448 square feet, resulting in a price per square foot of $1,870. The sale took place on 08/01/2022.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $4,578,000
  • Address: 18299 NW 27th Ave
  • Market: Miami Gardens

The buyer of the property is Victor & Barbara Diaz, while the seller is Marcos Puente from MMG Equity Partners. Alejandro J. Gonzalez from Marcus & Millichap represented the buyer, and Scott Sandelin and Giovanni Gaviria, also from Marcus & Millichap, represented the seller in this transaction.

Players

Scott Sandelin

Marcus & Millichap

Broker

$296.3M

vol

29 deals

Broker

Barbara Diaz

Buyer

$4.6M

vol

2 deals

Buyer
Marcos Puente

Marcos Puente

MMG Equity Partners

Seller

$155.4M

vol

17 deals

Seller

Miami Gardens 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

3.47%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93