Sandbox VR To Open 4,100-Square-Foot VR Entertainment Venue In Miami At The Falls
8888 Southwest 136th Street Unit 407a
Building Size
4,100 SF
Asset Type
Retail
Closing
Oct 27, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 8888 Southwest 136th Street Unit 407A, Miami, FL, encompassing a total area of 4,100 square feet. This retail venue will serve as a virtual reality entertainment hub, specializing in immersive experiences. It is situated in a burgeoning market known for its diverse entertainment options.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 4,100
- Address: 8888 Southwest 136th Street Unit 407A
- Market: Miami, FL
- Tenant: Carolina Brost & William Santiago - Sandbox VR
Carolina Brost and William Santiago, operators of Immersa Entertainment LLC, are the franchisees behind Sandbox VR. This venue will be their second location in the Greater Miami area, set to open on October 30. The facility will host four private holodecks, catering to groups of up to six participants for their virtual reality experiences.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93