Maria V. Bunuel Acquires Retail Property In Miami For $5.9M
SOLD
$5,866,000
Florida
See Similar DealsRetail2,736 SF
Sold 03/27/2023
SOLD
Maria V. Bunuel Acquires Retail Property In Miami For $5.9M
1701 Southwest 8th Street
See Similar DealsRetail2,736 SF
Sold 03/27/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,144
Total Square Footage:2,736 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,853.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,840.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,807.83
Annual Debt Service$333,693.99
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