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

Updated Feb 19, 2025

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

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.

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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Deal FAQ

About $953 per square foot on a published $1.9M for 1,992 square feet (2020).

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

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