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
About this deal
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.
On the Map
$3,300,000
$374/SF
Retail
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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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93