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.
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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