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318 Northwest 12th Avenue

Luis Garcia Acquires Office Asset From Kamalah Fletcher - NHSSF In Miami For $3.1M
SOLDOffice

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:

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

Mika Mattingly

Colliers

Broker

$528.8M

vol

34 deals

Broker
Luis Garcia

Luis Garcia

Buyer

$6.2M

vol

2 deals

Buyer

Kamalah Fletcher

NHSSF

Seller

$3.1M

vol

1 deal

Seller

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