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The Keyes Company Acquires Retail Property In West Miami For $5.75M

Property Image
SOLD
$5,750,000
Tony Ulloa
Marcos Macias
Joseph H. Weston

Florida

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Retail19,224 SF
Sold 08/09/2022
the dealplayerscompscontact
Property Image
SOLD

The Keyes Company Acquires Retail Property In West Miami For $5.75M

6251 Southwest 8th Street

See Similar Deals
Retail19,224 SF
Sold 08/09/2022
Tony Ulloa
Marcos Macias
Joseph H. Weston
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$299
Total Square Footage:19,224 SF
Transaction Type:Sale

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

Joseph H. Weston
Maddux and Company
Joseph H. Weston
5 deals$49.6M volume(305) 510-2298
BROKER
Tony Ulloa
The Keyes Company
Tony Ulloa
9 deals$79.2M volume
BROKER
Marcos Macias
Upside Partners
Marcos Macias
6 deals$49.2M volume(786) 578-5603
BROKER

Details

SOLD
IMAGE: Tony Ulloa, Joseph Weston & Marcos Macias DATE: 08/09/2022 ADDRESS: 6251 SW 8th St MARKET: West Miami ASSET TYPE: Retail BUYER'S REP: Tony Ulloa & Marcos Macias - The Keyes Company SELLER'S REP: Joseph Weston (@WestonJoey) - Maddux & Company SALE PRICE: $5,750,000 SF: 19,224 ~ PPSF: $299

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

$306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20