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
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