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
$18,400,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 23, 2017
About this deal
AI
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.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93