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4401 Southwest 8th Street

Westar Oil Company Acquires Retail Property At 4401 Southwest 8th Street For $2.2M
SOLDRetail

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:

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93