SOLDRetail
MMG Equity Partners Acquires Retail Property In South Miami Heights
18901 Southwest 106th Avenue, South Miami Heights, FL, USA
$9,300,000
$146/SF
Building Size
63,631 SF
Asset Type
Retail
Closing
Jun 14, 2020
About this deal
AI
A retail property located at 18901 SW 106th Ave in South Miami Heights has been sold for a price of $9,300,000. The property spans a total area of 63,631 square feet, resulting in a price per square foot of $145.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,300,000
- Address: 18901 SW 106th Ave
- Market: South Miami Heights
- Square Footage: 63,631
- Price per Square Foot: $145
The buyer of this retail property is MMG Equity Partners, represented by Gabriel Navarro.
Players
Cutler Bay 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93