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10851 Caribbean Blvd Cutler...

Coral Reef Title Acquires Retail Property In Cutler Bay From CCS Real Estate Investments For $1.34M
SOLDRetail

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

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.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$662.3M

vol

146 deals

Broker

Raul Medina

Seller

$7.7M

vol

3 deals

Seller

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

11.78%

Cash-on-Cash

-3.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93