Yoram Izhak And Carlos Segrera Acquire Retail Asset In Miami From Heitman For $62M
3301 Southwest 22nd Street
$62,000,000
$252/SF
Building Size
246,000 SF
Asset Type
Retail
Closing
Nov 22, 2024
AI
The property asset involved in this transaction is a retail space located at 3301 Southwest 22nd Street in Miami. The sale price for this asset was $62,000,000. The property encompasses a total area of 246,000 square feet, equating to a price per square foot of $252.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $62,000,000
- Address: 3301 Southwest 22nd Street
- Market: Miami
- Square Footage: 246,000
- Price Per Square Foot: $252
- Buyer: Yoram Izhak & Carlos Segrera - IMC Equity Group
- Seller: Heitman
- Broker: Casey Rosen - CBRE
The key individuals involved in the deal include the buyers Yoram Izhak and Carlos Segrera, representing IMC Equity Group, and the seller Heitman, with Casey Rosen from CBRE acting as the broker facilitating the transaction.
Players
Shenandoah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93