The Keyes Company Acquires Retail Property In West Miami For $5.75M
6251 Southwest 8th Street
$5,750,000
$299/SF
Building Size
19,224 SF
Asset Type
Retail
Closing
Aug 9, 2022
About this deal
AI
The retail property located at 6251 SW 8th St in West Miami has been sold for a price of $5,750,000. The property spans a total area of 19,224 square feet, resulting in a price per square foot of $299.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,750,000
- Address: 6251 SW 8th St
- Market: West Miami
- Square Footage: 19,224
- Price Per Square Foot: $299
Tony Ulloa and Marcos Macias from The Keyes Company represented the buyer in this transaction, while Joseph Weston from Maddux & Company acted as the seller's representative.
Players
West 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93