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
$1,346,672
$228/SF
Building Size
5,900 SF
Asset Type
Retail
Closing
Jun 9, 2023
About this deal
AI
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.
On the Map
$1,346,672
$228/SF
Retail
View full map
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Albregts to view all their deals.
Browse Miami retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.78%
Cash-on-Cash
-3.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93