SOLDRetail
Heidi Prendes & Raul Nunez Acquire Retail Property In Miami For $22.35M
16508 SW 88th St, Miami, FL, USA
$22,350,000
$263/SF
Building Size
84,814 SF
Asset Type
Retail
Closing
Apr 12, 2021
AI
The retail property located at 16508 SW 88th St in Miami has been sold for a price of $22,350,000. The property spans a total area of 84,814 square feet, resulting in a price per square foot of $264. The transaction took place on 04/13/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,350,000
- Square Footage: 84,814
- Price per Square Foot: $264
- Address: 16508 SW 88th St, Miami
Heidi Prendes and Raul Nunez served as the buyers in this transaction, while Adam Lazier was the seller.
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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93