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
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93