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3301 Southwest 22nd Street

Yoram Izhak And Carlos Segrera Acquire Retail Asset In Miami From Heitman For $62M
SOLDRetail

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

Casey Rosen

CBRE

Broker

$419.9M

vol

15 deals

Broker

Shenandoah 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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93