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
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
Loading comparables…
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