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13698 Southwest 8th Street

Arthur Cova Purchases Retail Asset In Miami From Chris Sanz For $9 Million
SOLDRetail

Arthur Cova Purchases Retail Asset In Miami From Chris Sanz For $9 Million

13698 Southwest 8th Street

$9,000,000

$515/SF

Building Size

17,471 SF

Asset Type

Retail

Closing

Jan 27, 2026

AI

The property asset involved in this transaction is a retail space located at 13698 Southwest 8th Street in the Miami market. The sale price for this asset was $9,000,000, and it encompasses a total area of 17,471 square feet, resulting in a price per square foot of $515.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,000,000
  • Address: 13698 Southwest 8th Street
  • Market: Miami
  • Square Footage: 17,471
  • Price Per Square Foot: $515
  • Buyer: Arthur Cova
  • Seller: Chris Sanz
  • Seller's Representative: Gabriel Britti, Ronnie Issenberg & Ricardo Esteves - Marcus & Millichap

Key individuals involved in the transaction include the buyer, Arthur Cova, and the seller, Chris Sanz. The seller was represented by Gabriel Britti, Ronnie Issenberg, and Ricardo Esteves from Marcus & Millichap, who facilitated the deal.

Players

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93