Westar Oil Company Acquires Retail Property At 4401 Southwest 8th Street For $2.2M
4401 Southwest 8th Street
$2,200,000
$336/SF
Building Size
6,546 SF
Asset Type
Retail
Closing
Feb 19, 2025
AI
A retail property located at 4401 Southwest 8th Street in Miami has been sold for $2,200,000. The asset spans 6,546 square feet on a site of 0.45 acres and includes an 8-position fueling station. The property is zoned T6-8-O.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Square Footage: 6,546
- Price per Square Foot: $336
- Buyer: Westar Oil Company
- Seller: Elizabeth Garcia - AFG Advance Corporation
- Brokers: Adriano Salucci, Miguel Pinto & Nick Hernandez - APEX Capital Realty
- Date of Transaction: 02/19/2025
The transaction involved Westar Oil Company acquiring the retail property from Elizabeth Garcia, who is associated with AFG Advance Corporation. The deal was facilitated by brokers Adriano Salucci, Miguel Pinto, and Nick Hernandez from APEX Capital Realty.
Players
Coral Gables 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93