Joe Curtis Acquires Retail Property On FL-54 In Miami For $4.5M With Marcus & Millichap
16100 Florida Highway 54
$4,519,971
$1,113/SF
Building Size
4,060 SF
Asset Type
Retail
Closing
Dec 29, 2023
AI
Located at 16100 FL-54 in Miami, FL, this retail property recently changed hands in a closed transaction. The property spans a total area of 4,060 square feet and was sold for a price of $4,519,971, resulting in a price per square foot of $1,113.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,519,971
- Address: 16100 FL-54, Miami, FL
- Market: Miami, FL
The buyer of this retail property is Joe Curtis, while the sellers are Chris & Kevin Sanz. The transaction was facilitated by the brokerage firm Marcus & Millichap, represented by brokers Ricardo Esteves, Gabriel Britti, Ronnie Issenberg, and Peter Deltondo.
Players
Odessa 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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93