Ram Realty Advisors Sells Retail Property In Miami For $19.5M
15601 Southwest 127th Avenue, Miami, Florida 33175, United States
$19,500,000
$113/SF
Building Size
172,517 SF
Asset Type
Retail
Closing
Dec 19, 2021
AI
Located at 15601 SW 127th Ave in Miami, this retail property spans over 15.5 acres. The property was recently sold for a total of $19,500,000 by Ram Realty Advisors, represented by Casey Cummings.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,500,000
- Address: 15601 SW 127th Ave, Miami
- Market: Miami
- Acres: 15.5
The seller, Ram Realty Advisors, enlisted the services of Casey Cummings as their representative for this deal. The property encompasses a total area of 172,517 square feet with a price per square foot of $113.
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93