Compass Facilitates $7.2M Sale Of Retail Property In Cutler Bay
11000 SW 184th St, Cutler Bay, FL 33157
$7,200,000
$312/SF
Building Size
23,073 SF
Asset Type
Retail
Closing
Jan 14, 2022
AI
A retail property located at 11000 SW 184 Street in Cutler Bay has been sold for $7,200,000. The property spans 23,073 square feet with a price per square foot of $312. The transaction took place on January 14, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 11000 SW 184 Street
- Market: Cutler Bay
- Square Footage: 23,073
- Price Per Square Foot: $312
Micael Machado, representing Compass, acted as the buyer's representative in the deal. The seller's representative was Cesar Sanchez from Fortune International Realty.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93