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6320 Southwest 8th Street, ...

Westdale Acquires Multifamily Asset In West Miami For $82.9M
SOLDMultiFamily

Westdale Acquires Multifamily Asset In West Miami For $82.9M

6320 Southwest 8th Street, West Miami, FL, USA

$82,917,040

$6,678/SF

Building Size

12,416 SF

Asset Type

MultiFamily

Closing

Jun 22, 2020

AI

The multifamily asset located at 6320 SW 8 ST in West Miami has been sold for $82,917,040. The transaction encompasses a total of 306 units, resulting in a price per unit of $270,971.

Summary of transaction details:

Neyda Bravo and Luis Gonzalez from Bravo & Partners Realty represented the buyers, Westdale, in this transaction. The sale showcases the collaboration between the brokers, enhancing the investment landscape in West Miami.

Players

Neyda Bravo

Bravo & Partners Realty

Broker

$487.3M

vol

16 deals

Broker
W
WestdaleBuyer

West Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93