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
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