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12107 Southwest 152nd Stree...

Core Investment Management Acquires Retail Property In Miami For $44.85M
SOLDRetail

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

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
Adam Greenberg

Adam Greenberg

Core Investment Management

Buyer

$131.4M

vol

7 deals

Buyer
CC
Courtelis CompanySeller

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