Felix Varela Medical Center Acquires Retail Property From Diego Castro For $2.9M In Miami
SOLD
$2,900,000
Florida
See Similar DealsRetail4,750 SF
Sold 12/18/2025
SOLD
Felix Varela Medical Center Acquires Retail Property From Diego Castro For $2.9M In Miami
7201 Southwest 40th Street
See Similar DealsRetail4,750 SF
Sold 12/18/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$610
Total Square Footage:4,750 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 7201 Southwest 40th Street in the Miami market. The property was sold for $2,900,000, encompassing a total area of 4,750 square feet, resulting in a price per square foot of $610.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 7201 Southwest 40th Street
- Market: Miami
- Square Footage: 4,750
- Price Per Square Foot: $610
- Buyer: Felix Varela Medical Center
- Seller: Diego Castro
- Broker: Cynthia Lamaa - Re/Max 360 Real Estate
This transaction involved Felix Varela Medical Center as the buyer, acquiring the asset from seller Diego Castro. The deal was facilitated by broker Cynthia Lamaa from Re/Max 360 Real Estate, representing the parties in this closed transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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