Core Investment Management Acquires Retail Property In Miami For $44.85M
12107 Southwest 152nd Street, Miami, Florida 33157, United States
$44,850,000
$217/SF
Building Size
205,853 SF
Asset Type
Retail
Closing
Oct 3, 2022
AI
A retail property located at 12107 SW 152nd St in Miami has been sold for a total price of $44,850,000. The property spans 205,853 square feet, resulting in a price per square foot of $218. The transaction took place on October 4, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $44,850,000
- Address: 12107 SW 152nd St, Miami
- Square Footage: 205,853
- Price per Square Foot: $218
The buyer of the property is Core Investment Management, represented by Adam Greenberg. On the other hand, the seller is Courtelis Company, represented by Elias Vassilaros. The deal was facilitated by the following brokers from JLL: Danny Finkle, Eric Williams, Jorge Portela, Kim Flores, Cameron Beck, and Michael Kavaler.
Players
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