FUTURAMA TOO, LLC Acquires Retail Property In Little Havana For $1.9M
1643 SW 8th St, Miami, FL 33135, USA
$1,900,000
$953/SF
Building Size
1,992 SF
Asset Type
Retail
Closing
Nov 29, 2020
About this deal
AI
The retail property located at 1643 SW 8th Street in Little Havana has been sold in a closed transaction. The property, with a total square footage of 1,992, was sold for a price of $1,900,000, resulting in a price per square foot of $953. The building itself has a total square footage of 9,000, leading to a price per buildable square foot of $211.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Square Footage: 1,992
- Price per Square Foot: $953
- Building Square Footage: 9,000
- Price per Buildable Square Foot: $211
- Market: Little Havana
The seller of the property was 1643 SW 8 STREET, LLC, while the buyer was FUTURAMA TOO, LLC. The broker involved in this transaction was Arnaldo Cantero III from BGRS_Commercial.
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Arnaldo Cantero III to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93