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Sandra Ferrera Acquires Walgreens Retail Property In Miami For $6.7M

Property Image
SOLD
$6,705,263
Jeffrey Cicurel
Alex Sharrin
Jonathan De La Rosa
+ 2

Florida

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Retail14,117 SF
Sold 06/06/2023
the dealplayerscompscontact
Property Image
SOLD

Sandra Ferrera Acquires Walgreens Retail Property In Miami For $6.7M

16690 SW 88th St Miami, FL 33196, USA

See Similar Deals
Retail14,117 SF
Sold 06/06/2023
Jeffrey Cicurel
Alex Sharrin
Jonathan De La Rosa
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$475
Total Square Footage:14,117 SF
Transaction Type:Sale

The retail property located at 16690 Southwest 88th Street in Miami has been sold in a recent transaction. The property spans across 14,117 square feet and was sold for a price of $6,705,263, resulting in a price per square foot of $475. The seller in this transaction is Rosalind Brewer, representing Walgreens, while the buyer is Sandra Ferrera.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,705,263
  • Address: 16690 Southwest 88th Street, Miami
  • Market: Miami

Eduardo "Eddie" Toledo and Jonathan De LaRosa, representing Marcus & Millichap, acted as the brokers for this deal. The other brokers involved in this transaction were Jeffrey Cicurel and Alex Sharrin, representing JLL.

Players

Jonathan De La Rosa
Marcus & Millichap
Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER
Eduardo "Eddie" Toledo
Marcus & Millichap
Eduardo Toledo
70 deals$346.7M volume(786) 522-7047
BROKER
Alex Sharrin
JLL
Alex Sharrin
35 deals$908M volume(305) 913-5545
BROKER
Jeffrey Cicurel
JLL
Jeffrey Cicurel
14 deals$244.3M volume(773) 573-8118
BROKER
Rosalind Brewer
Walgreens
Rosalind Brewer
5 deals$74.2M volume
SELLER

Details

SOLD
IMAGE: Eduardo "Eddie" Toledo, Jonathan De LaRosa, Jeffrey Cicurel & Alex Sharrin DATE: 06/06/2023 ADDRESS: 16690 Southwest 88th Street MARKET: Miami ASSET TYPE: Retail BUYER: Sandra Ferrera SELLER: Rosalind Brewer - Walgreens (@Walgreens) BROKERS: Eduardo "Eddie" Toledo (@EdToledo) & Jonathan De LaRosa (@J_DLR_) - Marcus & Millichap (@MarcusMillichap_Fl); Jeffrey Cicurel & Alex Sharrin - JLL (@JLL) SALE PRICE: $6,705,263 SF: 14,117 ~ PPSF: $475

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,822.39
Cash-on-Cash Return-1.27%
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