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12095 SW 152nd St, Miami, F...

Updated Oct 29, 2024

Bilt advertisement
Core Investment Management Acquires Property At 12095 SW 152nd St Miami For $44.9M
SOLDOther

Core Investment Management Acquires Property At 12095 SW 152nd St Miami For $44.9M

12095 SW 152nd St, Miami, FL, 33177

$44,900,000

$218/SF

Building Size

205,853 SF

Asset Type

Other

Closing

Nov 19, 2023

About this deal

AI

The property involved in this transaction is Deerwood Town Center, a grocery-anchored shopping center located at 12095 SW 152nd St, Miami, FL, 33177. The transaction occurred in the Miami market, with the property spanning a total of 205,853 square feet. The purchase price was $44,900,000.00.

Summary of transaction details:

  • Property Type: Shopping Center
  • Transaction Amount: $44,900,000.00
  • Address: 12095 SW 152nd St, Miami, FL, 33177
  • Total Square Footage: 205,853
  • Buyer: Core Investment Management
  • Seller: Courtelis Co.
  • Seller's Representatives: Kim Flores-JLL, Danny Finkle-JLL, Eric Williams-JLL
  • Notable Tenants: Fresco y Mas, Amped Fitness, Pet Supermarket, TD Bank
  • Leasing Status: Fully leased at the time of sale
  • Location Reference: Across from the Zoo Miami

The transaction was facilitated by JLL, with key involvement from their representatives Kim Flores, Danny Finkle, and Eric Williams. Courtelis Co. had owned the center since it delivered the first phase in 1985, showcasing a long-term investment in this property. The center's diverse tenant mix contributes to its appeal within the community.

Players

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
CM
Core Investment ManagementBuyer

Miami Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $218 per square foot on a published $44.9M for 205,853 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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