SOLDRetail
Bravo & Partners Realty Sells West Miami Retail Property For $4.3M
6091 SW 8th St West Miami, FL 33144, USA
$4,300,000
$926/SF
Building Size
4,643 SF
Asset Type
Retail
Closing
May 17, 2023
AI
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.
Miami 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93