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1701 Southwest 8th Street

Maria V. Bunuel Acquires Retail Property In Miami For $5.9M
SOLDRetail

Maria V. Bunuel Acquires Retail Property In Miami For $5.9M

1701 Southwest 8th Street

$5,866,000

$2,144/SF

Building Size

2,736 SF

Asset Type

Retail

Closing

Mar 27, 2023

AI

The retail property located at 1701 Southwest 8th Street in Miami has been sold for a total price of $5,866,000. The property spans 2,736 square feet, resulting in a price per square foot of $2,144.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,866,000
  • Square Footage: 2,736
  • Price per Square Foot: $2,144
  • Market: Miami

Maria V. Bunuel has purchased the retail property from James Gordon. Alfonso Jaramillo from Fortune International represented the buyer, while Scott Sandelin and Jonathan De LaRosa from Marcus & Millichap represented the seller in this transaction.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

Maria V. Bunuel

Buyer

$13.1M

vol

2 deals

Buyer

James Gordon

Seller

$24.9M

vol

3 deals

Seller

Market 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

2.70%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93