Compass Facilitates $7.2M Sale Of Retail Property In Cutler Bay
SOLD
Florida
See Similar DealsRetail23,073 SF
Sold 01/14/2022
SOLD
Compass Facilitates $7.2M Sale Of Retail Property In Cutler Bay
11000 SW 184th St, Cutler Bay, FL 33157
See Similar DealsRetail23,073 SF
Sold 01/14/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$312
Total Square Footage:23,073 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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