Justin Hernandez Purchases Retail Property From Peter Petrakis In Miami Springs For $1.7M
48 Curtiss Parkway
$1,700,000
$369/SF
Building Size
4,600 SF
Asset Type
Retail
Closing
Dec 28, 2025
AI
The retail property located at 48 Curtiss Parkway in Miami Springs features a sale price of $1,700,000. This asset encompasses an area of 4,600 square feet, translating to a price per square foot of $369.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 48 Curtiss Parkway
- Market: Miami Springs
- Square Footage: 4,600
- Price Per Square Foot: $369
- Buyer: Justin Hernandez
- Seller: Peter Petrakis
- Brokers: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
Key individuals involved in this transaction include buyer Justin Hernandez and seller Peter Petrakis. Representing the deal are brokers Jonathan De La Rosa and Eduardo Toledo from Marcus & Millichap, who facilitated this transaction.
Players
Miami Springs 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93