Hernandez Family Ventures Acquires Property From West Gables Holdings In West Miami For $7.8M
5890 SW 8th St, Miami, FL, 33144
$7,800,000
$227/SF
Building Size
34,232 SF
Asset Type
Development Site
Closing
Jul 25, 2017
AI
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.
West Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93