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11520 Southwest 72nd Street

Juan Puig Of Vital Imaging Centers Purchases Retail Property From Dana Munach In Miami For $2.75M
SOLDRetail

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

Carlos M. Sotolongo

South Florida Properties

Broker

$29.3M

vol

11 deals

Broker

Miami 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93