Yoram Izhak And Carlos Segrera Acquire Retail Asset In Miami From Heitman For $62M
SOLD
$62,000,000
Florida
See Similar DealsRetail246,000 SF
Sold 11/22/2024
SOLD
Yoram Izhak And Carlos Segrera Acquire Retail Asset In Miami From Heitman For $62M
3301 Southwest 22nd Street
See Similar DealsRetail246,000 SF
Sold 11/22/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$252
Total Square Footage:246,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$220,272.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$293,911.63
Annual Debt Service$3,526,939.57
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