Young Koo Kim Acquires Little Havana Retail Property For $3.7M
2955 Southwest 8th Street, Miami, Florida 33135, United States
$3,700,000
$297/SF
Building Size
12,430 SF
Asset Type
Retail
Closing
Jun 12, 2022
AI
The retail property located at 2955 SW 8th St in Little Havana has been sold. The transaction took place on 06/13/2022, and the property was purchased for a price of $3,700,000. The retail space spans a total area of 12,430 square feet, resulting in a price per square foot of $298. The lot size is 13,500 square feet, equating to a price per lot square foot of $274.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,700,000
- Address: 2955 SW 8th St
- Market: Little Havana
- Buyer: Young Koo Kim - Y & K Enterprises
- Seller: Brenda Bruni - Gamla Cedron LH
- Buyer's Rep: Alex K. Tsoulfas & Juliette Gruener - APEX Capital Realty
- Seller's Rep: Gabriel Reategui - Reategui Real Estate & Investments
Alex K. Tsoulfas and Juliette Gruener from APEX Capital Realty represented the buyer, Young Koo Kim, and facilitated the purchase. On the other hand, Gabriel Reategui from Reategui Real Estate & Investments served as the seller's representative in this transaction.
Players
Miami 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93