Updated May 12, 2025
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $82,917,040
- Units: 306
- Price Per Unit: $270,971
- Buyer: Westdale
- Seller: Estate Companies
- Brokers: Neyda Bravo @Neyda.Bravo & Luis Gonzalez @Lu.Gonzo - Bravo & Partners Realty @BravoandPartners
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.
On the Map
$82,917,040
$6,678/SF
MultiFamily
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Players
West Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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