Marcos Valerio Acquires Retail Property In Coral Gables For $3.7M
3894 Southwest 8th Street, Coral Gables, Florida 33134, United States
$3,700,000
$837/SF
Building Size
4,418 SF
Asset Type
Retail
Closing
Oct 26, 2022
About this deal
AI
Located in Coral Gables, this retail property at 3894 SW 8th St was recently sold in a closed transaction. The property spans a total of 4,418 square feet and was sold at a price of $3,700,000, resulting in a price per square foot of $837. Marcos Valerio acquired the property from the sellers, Michael & Gabe Navarro. The sale was facilitated by the seller's representatives, Jonathan De La Rosa, Eduardo Toledo, and Marcus & Millichap, while Hector Pardo of RESF Real Estate represented the buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,700,000
- Date: 10/27/2022
- Market: Coral Gables
- Address: 3894 SW 8th St
- Buyer: Marcos Valerio
- Seller: Michael & Gabe Navarro
- Seller's Rep: Jonathan De La Rosa, Eduardo Toledo, and Marcus & Millichap
- Buyer's Rep: Hector Pardo - RESF Real Estate
- Square Footage: 4,418
- Price per Square Foot: $837
The deal involved multiple individuals, including Eduardo Toledo, Michael Navarro, Jonathan De La Rosa, Gabe Navarro, and Hector Pardo. Additionally, the seller was represented by Marcus & Millichap. The transaction took place on October 27, 2022.
Players
Coral Gables 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93