SPMG Holdings Acquires 27,000 SF Mixed-Use Asset In Miami Gardens For $4.08M
1160 Northwest 163rd Drive
$4,080,000
$151/SF
Building Size
27,000 SF
Asset Type
Mixed-use
Closing
Feb 9, 2022
AI
A mixed-use property located at 1160 NW 163rd Drive in Miami Gardens has been sold for a total price of $4,080,000. The property spans across 1.3 acres and offers a total of 27,000 square feet of space. The sale price equates to $151 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,080,000
- Address: 1160 NW 163rd Drive, Miami Gardens
- Market: Miami Gardens
- Acres: 1.3
The buyer of the property is SPMG Holdings, LLC. Ken Silberling from Levy Realty Advisors represented the buyer in this transaction.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93