Sandra Ferrera Acquires Walgreens Retail Property In Miami For $6.7M
16690 SW 88th St Miami, FL 33196, USA
$6,705,263
$475/SF
Building Size
14,117 SF
Asset Type
Retail
Closing
Jun 6, 2023
AI
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
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93