SOLDRetail
Jorge Canizares & Ivonne P. Garcia Acquire Miami Shopping Center For $3.15M
14900 Southwest 136th Street, Miami, Florida 33196, United States
$3,150,000
$207/SF
Building Size
15,182 SF
Asset Type
Retail
Closing
Apr 14, 2022
AI
A shopping center located at 14900 SW 136th St in Miami, FL has been sold for a price of $3,150,000. The property spans 15,182 square feet, resulting in a price per square foot of $207.
Summary of transation details
- Property Type: Shopping Center
- Transaction Amount: $3,150,000
- Address: 14900 SW 136th St, Miami, FL
- Market: Miami, FL
- Buyer: Jorge Canizares & Ivonne P. Garcia
- Seller: Jose M. Garcia
- Square Footage: 15,182
- Price per Square Foot: $207
Jorge Canizares & Ivonne P. Garcia have acquired the shopping center from Jose M. Garcia.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93