Bravo & Partners Realty Represents Buyer In $2.16M Miami Retail Sale
SOLD
$2,160,000
Florida
See Similar DealsRetail8,472 SF
Sold 12/22/2023
SOLD
Bravo & Partners Realty Represents Buyer In $2.16M Miami Retail Sale
4467 Southwest 8th Street & 4475 Southwest 8th Street
See Similar DealsRetail8,472 SF
Sold 12/22/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$255
Total Square Footage:8,472 SF
Transaction Type:Sale
The retail property located at 4467 Southwest 8th Street and 4475 Southwest 8th Street in Miami has been sold for a price of $2,160,000. The property spans across 4,236 square feet, resulting in a price per square foot of $510.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,160,000
- Address: 4467 Southwest 8th Street & 4475 Southwest 8th Street, Miami
- Market: Miami
- Seller: Matvei Miranda
- Buyer's Representative: Alejandro (Alex) Diaz & Neyda Bravo - Bravo & Partners Realty
Alejandro (Alex) Diaz and Neyda Bravo from Bravo & Partners Realty represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,674.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,239.50
Annual Debt Service$122,874.02
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