Luis Garcia Acquires Office Asset From Kamalah Fletcher - NHSSF In Miami For $3.1M
318 Northwest 12th Avenue
$3,100,000
$265/SF
Building Size
11,660 SF
Asset Type
Office
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is an office located at 318 Northwest 12th Avenue in Miami. The sale price for this office was $3,100,000, with a total square footage of 11,660 and a price per square foot of $265.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,100,000
- Buyer: Luis Garcia
- Seller: Kamalah Fletcher - NHSSF
- Brokers: Cecilia Estevez, Mika Mattingly & Bradley Arendt - Colliers
The transaction involved key individuals, including buyer Luis Garcia and seller Kamalah Fletcher, who is associated with NHSSF. The brokerage team representing the transaction consisted of Cecilia Estevez, Mika Mattingly, and Bradley Arendt from Colliers.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93