NOT LISTED FOR SALE

18951 SW 106th Ave Unit B-102 Cutler Bay, FL 33157

Estimated Value: $26,725,172

-- Bed
-- Bath
-- Sq Ft
6.67 Acres

Last Sold July 01, 2013

Last sale price $1,825

Est. 1,464,293% increase in value since last sale

Current estimated payment $162,675/month

130 Days on Market

Highlights

  • 6.67 Acre Lot
  • Cooling Available
  • Concrete Flooring
  • No HOA
  • Security Guard
  • Heating Available

About This Home

As of July 2013

Excellent opportunity in desirable location. Brand New Warehouse/Office/Retail Space, New Construction, Handicap Accessible Restroom & Kitchenette in every unit. Well located center in highly visible South Miami-Dade location directly across from BJ's Wh olesale Club and adjacent to Home Depot off of US1 and Marlin Rd in Cutler Bay. Adjacent to Busway mass transit. Property Management on site. Call listing agent for more information.

Last Agent to Sell the Property

Kimberly Mullins-Spano

Total Quality Real Estate, LLC License #0589479 Listed on: 12/13/2012

Last Buyer's Agent

Kimberly Mullins-Spano

Total Quality Real Estate, LLC License #0589479 Listed on: 12/13/2012

Property Details

Property Type

  • Other

Year Built

  • Built in 2008

Lot Details

  • 6.67 Acre Lot
  • Property is zoned 64/COMM

Home Design

  • Concrete Roof

Interior Spaces

  • 1-Story Property
  • Concrete Flooring

Parking

  • 467 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 30-60-05-100-0900

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Security

  • Security Guard

Property Details

Property Type

Other

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 2008
  • Property Sub Type: Lease
  • Business Type: Office/Warehouse Combination
  • Directions: LOCATED OFF US1 AND MARLIN RD ACROSS BJ'S WHOLESALE CLUB.
  • Horses: No
  • Lease Assignable: No
  • Lot Size Acres: 6.67
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Lease
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Concrete
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Free Parking
  • Total Parking Spaces: 467

Utilities

  • Water Source: Other, Public
  • Cooling: Central Individual A/C
  • Cooling Y N: Yes
  • Electric: 101-200 Amps
  • Electricity On Property: Yes
  • Heating: Central Individual A/C
  • Heating Yn: Yes
  • Security: Security Guard

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 30-60-05-100-0900
  • Current Use: Commercial Lease
  • Land Lease: No
  • Lot Size Sq Ft: 1500
  • Zoning: 64/COMM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Lease Term: 1 To 3 Year Lease

Multi Family

  • Number Of Units In Community: 7

Tax Info

  • Tax Annual Amount: 3967

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2019
Sold by
Cutler Center Holdings Llc
Bought by
Mmg Centre At Cutler Bay Llc
Current Estimated Value
$26,725,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,200,000
Outstanding Balance
$9,851,548
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2012
Sold by
Abreu Christopher
Bought by
Mcna Properties Ii Llc

Purchase Details

Closed on
Mar 12, 2009
Sold by
Quality Center Development Llc
Bought by
Izquierdo Raymond A

Purchase Details

Closed on
Sep 21, 2005
Sold by
Cutler Development Llc
Bought by
Quality Center Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,632,175
Interest Rate
5.77%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mmg Centre At Cutler Bay Llc $16,000,000 Attorney
Mcna Properties Ii Llc $400 None Available
Izquierdo Raymond A $438,300 Attorney
Quality Center Development Llc $3,760,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mmg Centre At Cutler Bay Llc $11,200,000
Previous Owner Quality Center Development Llc $2,632,175
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2013 07/01/13 Sold $1,825 -18.9% --
04/22/2013 04/22/13 Pending -- -- --
12/13/2012 12/13/12 For Sale $2,250 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $265,161 $15,400,000 $5,229,810 $10,170,190
2024 $255,624 $15,532,751 -- --
2023 $255,624 $14,120,683 $5,229,810 $8,890,873
2022 $235,584 $13,667,500 $0 $0
2021 $228,006 $12,925,000 $5,229,810 $7,695,190
2020 $228,672 $12,925,000 $5,229,810 $7,695,190
2019 $239,274 $14,539,323 $5,229,810 $9,309,513
2018 $210,847 $13,187,792 $3,777,085 $9,410,707
2017 $232,699 $13,288,985 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Kimberly Mullins-Spano

    Total Quality Real Estate, LLC

    (305) 235-4818

    3 in this area

    5 Total Sales

    Kimberly Mullins-Spano
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1724449

MIAMI REALTORS® MLS

APN: 30-6005-081-0020

Florida Miami/Dade County Cutler Bay 33157

18951 SW 106th Ave Unit B-102, Cutler Bay, FL

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