Game Properties Acquires Retail Asset At 11035 Southwest 40th Street For $5.9M
SOLD
$5,900,000
Florida
See Similar DealsRetail9,298 SF
Sold 01/22/2026
SOLD
Game Properties Acquires Retail Asset At 11035 Southwest 40th Street For $5.9M
11035 Southwest 40th Street
See Similar DealsRetail9,298 SF
Sold 01/22/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$634
Total Square Footage:9,298 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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