Jenry Henriquez Acquires Fontainebleau Blvd Shopping Center In Miami, FL For $9M
10630 Fontainebleau Boulevard, Miami, Florida 33172, United States
$9,000,000
$170/SF
Building Size
52,682 SF
Asset Type
Retail
Closing
Oct 23, 2022
About this deal
AI
A shopping center located at 10630 Fontainebleau Blvd in Miami, FL was recently sold for a transaction amount of $9,000,000. The property has a total square footage of 52,682 and a price per square foot of $170.
Summary of transaction details:
- Property Type: Shopping Center
- Transaction Amount: $9,000,000
- Address: 10630 Fontainebleau Blvd, Miami, FL
- Market: Miami, FL
- Buyer: Jenry Henriquez
- Seller: Antonio Rodriguez
- Square Footage: 52,682
- Price Per Square Foot: $170
Jenry Henriquez acted as the buyer in this transaction, while Antonio Rodriguez represented the seller. This deal showcases the successful transfer of ownership for the shopping center.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93