Justin Landau & Geoffrey Karas Acquire Automotive Property In Miami For $4.45M
7140 Southwest 8th Street, Miami, Florida 33135, United States
$4,450,000
$1,765/SF
Building Size
2,520 SF
Asset Type
Retail
Closing
Oct 31, 2022
AI
The automotive property located at 7140 SW 8th St in Miami, FL, has been sold for a transaction value of $4,450,000. Spanning over an area of 2,520 square feet, the property was acquired by Justin Landau & Geoffrey Karas from the seller, Alejandro Chomat. The price per square foot for this transaction comes to $1,765.
Summary of transaction details
- Property Type: Automotive
- Transaction Amount: $4,450,000
- Address: 7140 SW 8th St, Miami, FL
- Market: Miami, FL
- Buyer: Justin Landau & Geoffrey Karas
- Seller: Alejandro Chomat
- Square Footage: 2,520
- Price per Square Foot: $1,765
Justin Landau & Geoffrey Karas have successfully completed the acquisition of the automotive property at 7140 SW 8th St in Miami, FL. Alejandro Chomat acted as the seller's representative in this transaction.
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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93