Jorge Canizares & Ivonne P. Garcia Acquire Miami Shopping Center For $3.15M
SOLD
Florida
See Similar DealsRetail15,182 SF
Sold 04/15/2022
SOLD
Jorge Canizares & Ivonne P. Garcia Acquire Miami Shopping Center For $3.15M
14900 Southwest 136th Street, Miami, Florida 33196, United States
See Similar DealsRetail15,182 SF
Sold 04/15/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$207
Total Square Footage:15,182 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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