Finvarb Group Acquires Mixed-use Property From Edugla Inc For $18.4 Million In Miami
SOLD
$18,400,000
Florida
See Similar DealsMixed-use
Sold 01/23/2017
SOLD
Finvarb Group Acquires Mixed-use Property From Edugla Inc For $18.4 Million In Miami
115 Sw 8th St, 115 Sw 8th St & 115 Sw 8th St
See Similar DealsMixed-use
Sold 01/23/2017
Summary
FLORIDA
Asset Type:Mixed-use
Transaction Type:Sale
The property asset involved in the transaction is a mixed-use asset located at 115 Sw 8th St in Miami. The transaction was completed for a price of $18,400,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,400,000.00
- Buyer: Finvarb Group
- Seller: Edugla, Inc.
- Broker: Tony Arellano, DWNTWN Realty Advisors
- Transaction Date: 01/23/2017
The deal was facilitated by broker Tony Arellano, who represented DWNTWN Realty Advisors. The transaction reflects the collaboration between the buyer Finvarb Group and the seller Edugla, Inc., marking a notable exchange within the Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$981,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,371.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,225.39
Annual Debt Service$1,046,704.65
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