Juan Puig Of Vital Imaging Centers Purchases Retail Property From Dana Munach In Miami For $2.75M
11520 Southwest 72nd Street
$2,750,000
$382/SF
Building Size
7,192 SF
Asset Type
Retail
Closing
Dec 13, 2024
AI
The property involved in this transaction is a retail asset located at 11520 Southwest 72nd Street, Miami, with a sale price of $2,750,000. The total square footage of the asset is 7,192, which translates to a price per square foot of $382. This transaction took place in the Miami market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,750,000
- Address: 11520 Southwest 72nd Street
- Market: Miami
- Square Footage: 7,192
- Price Per Square Foot: $382
- Buyer: Juan Puig - Vital Imaging Centers
- Seller: Dana Munach - Squishbanana, L.C.
- Buyer's Representative: Carlos M. Sotolongo - South Florida Properties
- Seller's Representative: Debra Franklin - Marcus & Millichap
This transaction marks the successful sale of the former Melting Pot building, with Juan Puig acquiring the property for his 9th Imaging Center in Miami-Dade County. The representatives involved in this deal include Carlos M. Sotolongo from South Florida Properties representing the buyer and Debra Franklin from Marcus & Millichap representing the seller.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93