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12095 Southwest 152nd Stree...

Core Investment Management Acquires Retail Property In Miami For $44.8M
SOLDRetail

Core Investment Management Acquires Retail Property In Miami For $44.8M

12095 Southwest 152nd Street, Miami, Florida 33157, United States

$44,850,000

$217/SF

Building Size

205,853 SF

Asset Type

Retail

Closing

Oct 5, 2022

AI

A retail property located at 12095 SW 152nd Street in Miami has been sold in a recent transaction. The property, with a total square footage of 205,853, was purchased by Core Investment Management from the Courtelis Company. The deal was facilitated by brokers Danny Finkle, Eric Williams, and Kim Flores from JLL Capital Markets. The sale price for the property was $44,850,000, resulting in a price per square foot of $218.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $44,850,000
  • Square Footage: 205,853
  • Address: 12095 SW 152nd Street, Miami
  • Market: Miami

Danny Finkle, Eric Williams, and Kim Flores from JLL Capital Markets played a key role in facilitating this transaction. With their expertise, they successfully represented both the buyer, Core Investment Management, and the seller, Courtelis Company. This deal showcases the importance of skilled brokers in completing successful real estate transactions.

Players

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
CM
Core Investment ManagementBuyer
CC
Courtelis CompanySeller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93