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12450 Southwest 8th Street

Gilberto Galceran Purchases Retail Asset In Miami For $3.3M With Carlos Sotolongo As Buyer's Rep
SOLDRetail

Gilberto Galceran Purchases Retail Asset In Miami For $3.3M With Carlos Sotolongo As Buyer's Rep

12450 Southwest 8th Street

$3,300,000

$374/SF

Building Size

8,802 SF

Asset Type

Retail

Closing

Nov 13, 2025

AI

The asset involved in the transaction is a retail property located at 12450 Southwest 8th Street in Miami. The transaction amount was $3,300,000, and the property spans 8,802 square feet, resulting in a price per square foot of $374.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,300,000
  • Address: 12450 Southwest 8th Street
  • Market: Miami
  • Square Footage: 8,802
  • Price Per Square Foot: $374
  • Buyer: Gilberto Galceran
  • Seller: Salo Kozolchyk
  • Buyer's Representative: Carlos Sotolongo
  • Seller's Representatives: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap

This transaction involves key individuals such as the buyer, Gilberto Galceran, and the seller, Salo Kozolchyk, who played vital roles in the deal. The representatives for the seller, Jonathan De La Rosa and Eduardo Toledo, are affiliated with Marcus & Millichap, providing brokerage services in this transaction.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93