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1643 SW 8th St, Miami, FL 3...

FUTURAMA TOO, LLC Acquires Retail Property In Little Havana For $1.9M
SOLDRetail

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

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.

Players

Arnaldo Cantero III
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Arnaldo Cantero III

C-3 Commercial Real Estate Advisory

Broker

$26.4M

vol

9 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93