Hernandez Family Ventures Acquires Property From West Gables Holdings In West Miami For $7.8M
SOLD
$7,800,000
Florida
See Similar DealsDevelopment Site34,232 SF
Sold 07/25/2017
SOLD
Hernandez Family Ventures Acquires Property From West Gables Holdings In West Miami For $7.8M
5890 SW 8th St, Miami, FL, 33144
See Similar DealsDevelopment Site34,232 SF
Sold 07/25/2017
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$227
Total Square Footage:34,232 SF
Transaction Type:Sale
The property involved in this transaction is located at 5890 SW 8th St, Miami, FL, 33144, within the West Miami market. The property was sold for $7,800,000.00 and has a total area of 34,232 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,800,000.00
- Buyer: Hernandez Family Ventures
- Seller: West Gables Holdings
- Buyer's Representative: Enrique Garcia (Healthcare Mergers & Acquisitions)
The transaction features a buyer represented by Enrique Garcia from Healthcare Mergers & Acquisitions, with the seller being represented by an undisclosed entity. This deal contributes to the ongoing narrative of commercial real estate activity in Miami.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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