Game Properties Acquires Retail Asset At 11035 Southwest 40th Street For $5.9M
11035 Southwest 40th Street
$5,900,000
$634/SF
Building Size
9,298 SF
Asset Type
Retail
Closing
Jan 21, 2026
About this deal
AI
The property asset involved in the transaction is located at 11035 Southwest 40th Street in Miami. This retail asset comprises a total square footage of 9,298, and the transaction occurred at a price of $5,900,000, which equates to a price per square foot of $634.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,900,000
- Buyer: Game Properties - Karina & Katrina Garcia
- Seller: Raymond Ibarra
- Brokers: Jonathan De La Rosa, Eduardo Toledo & Nicholas Hassan - Marcus & Millichap
The key individuals involved in the deal are Karina and Katrina Garcia who are the buyers representing Game Properties. The transaction was brokered by Jonathan De La Rosa, Eduardo Toledo, and Nicholas Hassan from Marcus & Millichap, highlighting the collaborative effort of these professionals in facilitating the retail property sale.
On the Map
$5,900,000
$634/SF
Retail
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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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93