Updated Aug 4, 2026
Carlos M. Faraco & Xiomara B. Faraco Sell Commercial Asset In Miami For $3.6M
6701 Southwest 8th Street
$3,600,000
$650/SF
Building Size
5,531 SF
Asset Type
Commercial
Closing
Jul 27, 2026
About this deal
AI
The property involved in this transaction is a commercial asset located at 6701 Southwest 8th Street in the Miami market. The sale price for this property was $3,600,000, encompassing a total area of 5,531 square feet, which translates to a price per square foot of $650.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,600,000
- Address: 6701 Southwest 8th Street
- Market: Miami
- Square Footage: 5,531
- Price Per Square Foot: $650
- Seller: Carlos M. Faraco & Xiomara B. Faraco
- Seller's Representative: Miguel Solis & Fernando Rodriguez - Douglas Elliman
Key individuals in this deal include sellers Carlos M. Faraco and Xiomara B. Faraco, who were represented by Miguel Solis and Fernando Rodriguez from Douglas Elliman. This representation was pivotal in facilitating the sale of the property in the competitive Miami commercial real estate market.
On the Map
$3,600,000
$650/SF
Commercial
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Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93