AAR Management Company, LLC. Acquires Miami Retail Property For $1.7M
12955 SW 87th Ave, Miami, FL 33176, USA
$1,725,000
$20/SF
Building Size
82,500 SF
Asset Type
Retail
Closing
Aug 31, 2020
About this deal
AI
An $1,725,000 retail property located at 12955 SW 87th Avenue in Miami was recently sold. The property spans 8,250 square feet, resulting in a price per square foot of $209.09.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,725,000
- Address: 12955 SW 87th Avenue
- Market: Miami
AAR Management Company, LLC, represented by Albert Rivero, purchased the property from Tri-Continental Holdings, LLC, represented by Ric Jolie. The transaction was facilitated by Jake Guso and Ed Schmidt from NAI.
The retail sale at 12955 SW 87th Ave, Miami, FL 33176, USA in Kendall, Florida sold for $1.7M in 2020. The building is 82,500 square feet, implying about 20 per square foot on the published price. Ed Schmidt, Jake Guso, NAI Global appear on the sale alongside NAI Global. This page is the Kendall, Florida file for the 12955 SW 87th Ave, Miami, FL 33176, USA retail sold: pricing, party profiles, and other closed retail comps from the same Kendall sit in the Market section below. Filter that Kendall retail set by closing date to see what else sold near 12955 SW 87th Ave, Miami, FL 33176, USA around 2020. Published consideration for 12955 SW 87th Ave, Miami, FL 33176, USA is $1.7M, dated 2020. Cite this AAR Management Company, LLC. Acquires Miami Retail Property For $1.7M sale when underwriting similar retail product around Kendall, Florida.
Kendall 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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93