Justin Hernandez Purchases Retail Property From Peter Petrakis In Miami Springs For $1.7M
SOLD
$1,700,000
Florida
See Similar DealsRetail4,600 SF
Sold 12/29/2025
SOLD
Justin Hernandez Purchases Retail Property From Peter Petrakis In Miami Springs For $1.7M
48 Curtiss Parkway
See Similar DealsRetail4,600 SF
Sold 12/29/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$369
Total Square Footage:4,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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