Sunshine Gas Acquires Retail Asset In Florida City From William Harman For $8.5M
10 Southwest 1st Avenue
$8,500,000
$988/SF
Building Size
8,599 SF
Asset Type
Retail
Closing
Jun 14, 2026
AI
The property asset involved in the transaction is situated at 10 SE 1st Ave, Florida City, FL 33034, within the Florida City market. This retail asset spans 8,599 square feet and was sold for a price of $8,500,000, equating to a price per square foot of $988.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Address: 10 SE 1st Ave, Florida City, FL 33034
- Square Footage: 8,599
- Price Per Square Foot: $988
- Buyer: Sunshine Gas
- Seller: William Harman
- Seller's Representatives: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap; Bobby Berrido - Fausto Commercial Realty Consultants
This transaction was facilitated by several key representatives, which include Jonathan De La Rosa and Eduardo Toledo from Marcus & Millichap, along with Bobby Berrido from Fausto Commercial Realty Consultants, representing the seller in this deal.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93