Jose Vizcarrondo, John Marquez, Juan Moroso Marquez & Alfredo Vargas Marquez Acquire Mixed-use Asset For $26.5 Million
6024 Southwest 8th Street
$26,500,000
$77/SF
Building Size
342,000 SF
Asset Type
Mixed-use
Closing
Dec 12, 2024
AI
The property involved in this transaction is a mixed-use asset located at 6024 Southwest 8th Street in West Miami. The sale was concluded for a total price of $26,500,000. The property encompasses a total space of 342,000 square feet, resulting in a price per square foot of $77.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $26,500,000
- Address: 6024 Southwest 8th Street
- Market: West Miami
- Square Footage: 342,000
- Price per Square Foot: $77
- Buyer: Jose Vizcarrondo, John Marquez, Juan Moroso Marquez & Alfredo Vargas Marquez - Cade Capital
- Seller: Zan & Claude Marquis - Marquis Property Co
- Broker: Alex Suarez - Global Investments Realty
The transaction was facilitated by Alex Suarez, representing Global Investments Realty. The buyers, specifically Cade Capital, include multiple individuals, highlighting a collaborative investment approach. The sellers, Zan and Claude Marquis, are affiliated with Marquis Property Co, indicating their involvement in the real estate market.
West 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93