Marlon Gomez Acquires Miami Store For $2.8M
SOLD
$2,833,333
Florida
See Similar DealsRetail24,466 SF
Sold 07/01/2022
SOLD
Marlon Gomez Acquires Miami Store For $2.8M
2109 Southwest 8th Street, Miami, Florida 33135, United States
See Similar DealsRetail24,466 SF
Sold 07/01/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$115
Total Square Footage:24,466 SF
Transaction Type:Sale
The property involved in this closed transaction is a store located at 2109 SW 8th St & 2135 SW 8th St, Miami, FL. It spans a total area of 24,466 square feet, with a price per square foot of $115. The sale took place on July 1, 2022, and the buyer was Marlon Gomez, while the seller was Elias Akar. The transaction amount for this property was $2,833,333.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,833,333
- Address: 2109 SW 8th St & 2135 SW 8th St, Miami, FL
- Market: Miami, FL
- Buyer: Marlon Gomez
- Seller: Elias Akar
- Square Footage: 24,466
- Price per Square Foot: $115
In this deal, Marlon Gomez represented the buyer, and Elias Akar represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,111.09
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,066.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,431.44
Annual Debt Service$161,177.33
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