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
About this deal
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
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