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

Property Image
SOLD
$4,578,000
Giovanni Gaviria
Alejandro Gonzalez
Scott Sandelin
+ 2

Florida

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Retail2,448 SF
Sold 08/01/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Retail2,448 SF
Sold 08/01/2022
Giovanni Gaviria
Alejandro Gonzalez
Scott Sandelin
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,870
Total Square Footage:2,448 SF
Transaction Type:Sale

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
Scott Sandelin
29 deals$296.3M volume(786) 522-7009
BROKER
Alejandro Gonzalez
Marcus & Millichap
Alejandro Gonzalez
7 deals$40.3M volume
BROKER
Giovanni Gaviria
Marcus & Millichap
Giovanni Gaviria
1 deal$4.6M volume
BROKER
BD
Barbara Diaz
2 deals$4.6M volume
BUYER
Marcos Puente
MMG Equity Partners
Marcos Puente
16 deals$130.4M volume
SELLER

Details

SOLD
IMAGE: Alejandro J. Gonzalez, Scott Sandelin, Giovanni Gaviria & Marcos Puente DATE: 08/01/2022 ADDRESS: 18299 NW 27th Ave MARKET: Miami Gardens ASSET TYPE: Retail BUYER: Victor & Barbara Diaz SELLER: Marcos Puente - MMG Equity Partners BUYER'S REP: Alejandro J. Gonzalez (@Alejandro_J._Gonzalez_) - Marcus & Millichap (@MarcusMillichap_Fl) SELLER'S REP: Scott Sandelin & Giovanni Gaviria (@GioGaviria)- Marcus & Millichap SALE PRICE: $4,578,000 SF: 2,448 ~ PPSF: $1,870

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$16,264.67
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