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6024 Southwest 8th Street

Jose Vizcarrondo, John Marquez, Juan Moroso Marquez & Alfredo Vargas Marquez Acquire Mixed-use Asset For $26.5 Million
SOLDMixed-use

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.

Players

Alex Suarez

Global Investments Realty

Broker

$175.4M

vol

10 deals

Broker

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