Santiago Guanuna Acquires Retail Property In Little River, Miami For $8M
8700 NW 7th Ave
Building Size
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Asset Type
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Closing
Aug 18, 2022
AI
The retail property located at 8700 NW 7th Ave in Little River, Miami has been sold for $8,000,000. The transaction took place on 08/18/2022, with a total square footage of 28,000. The property was purchased by Santiago Guanuna from the seller, Miami Rescue Mission. The sale price represents a price per square foot of $286.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,000,000
- Date: 08/18/2022
- Address: 8700 NW 7th Ave
- Market: Little River, Miami
- Buyer: Santiago Guanuna
- Seller: Miami Rescue Mission
The transaction was facilitated by broker Alex Suarez from Global Investments Realty.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93