Coral Reef Title Acquires Retail Property In Cutler Bay From CCS Real Estate Investments For $1.34M
SOLD
$1,346,672
Florida
See Similar DealsRetail5,900 SF
Sold 06/09/2023
SOLD
Coral Reef Title Acquires Retail Property In Cutler Bay From CCS Real Estate Investments For $1.34M
10851 Caribbean Blvd Cutler Bay, FL 33189, USA
See Similar DealsRetail5,900 SF
Sold 06/09/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$228
Total Square Footage:5,900 SF
Transaction Type:Sale
Located at 10851 Caribbean Boulevard in Cutler Bay, this retail property has been sold in a transaction. The property spans 5,900 square feet and was sold for a price of $1,346,672, resulting in a price per square foot of $228. The buyer of the property is Coral Reef Title, while the seller is CCS Real Estate Investments, represented by Raul Medina. The deal was facilitated by the brokers Matthew Albregts and Jonathan De La Rosa from Marcus & Millichap.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,346,672
- Address: 10851 Caribbean Boulevard
- Market: Cutler Bay
The transaction involved Coral Reef Title as the buyer and CCS Real Estate Investments, represented by Raul Medina, as the seller. The deal was brokered by Matthew Albregts and Jonathan De La Rosa from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,822.50
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,784.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,383.91
Annual Debt Service$76,606.95
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