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Bravo & Partners Realty Sells West Miami Retail Property For $4.3M

Property Image
SOLD
$4,300,000

Florida

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Retail4,643 SF
Sold 05/17/2023
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Property Image
SOLD

Bravo & Partners Realty Sells West Miami Retail Property For $4.3M

6091 SW 8th St West Miami, FL 33144, USA

See Similar Deals
Retail4,643 SF
Sold 05/17/2023
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$926
Total Square Footage:4,643 SF
Transaction Type:Sale

A retail property located at 6091 SW 8 Street & 711 SW 61st Avenue in West Miami has been sold for a price of $4,300,000. The property spans approximately 4,643 square feet, resulting in a price per square foot of $926.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,300,000
  • Square Footage: 4,643
  • Price per Square Foot: $926
  • Address: 6091 SW 8 Street & 711 SW 61st Avenue, West Miami

The seller's representative for this transaction is Neyda Bravo from Bravo & Partners Realty.

Players

Neyda Bravo
16 deals$487.3M volume
BROKER

Details

SOLD
IMAGE: Neyda Bravo DATE: 05/17/2023 ADDRESS: 6091 SW 8 Street & 711 SW 61st Avenue MARKET: West Miami ASSET TYPE: Retail SELLER'S REP: Neyda Bravo (@Neyda.Bravo) - Bravo & Partners Realty (@Bravoandpartners) SALE PRICE: $4,300,000 SF: 4,643 ~ PPSF: $926

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33