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
Market 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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93