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
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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