Marlon Gomez Acquires Miami Store For $2.8M
2109 Southwest 8th Street, Miami, Florida 33135, United States
$2,833,333
$115/SF
Building Size
24,466 SF
Asset Type
Retail
Closing
Jun 30, 2022
AI
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.
Players
Miami 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
5.60%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93