Gazit Horizons Acquires Retail Property In Brickell, Miami From Barlington Group
83-97 Southwest 8th Street, Miami, Florida 33130, United States
$20,100,000
Building Size
—
Asset Type
Retail
Closing
Mar 7, 2022
About this deal
AI
An retail property located at 83-97 Southwest Eighth Street in Brickell, Miami has been sold in a recent transaction. The property is part of the bustling retail market in the area.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 83-97 Southwest Eighth Street, Brickell, Miami
- Market: Brickell, Miami
The buyer of the property is Gazit Horizons, represented by Jeff Mooallem. On the other hand, the seller of the property is Barlington Group, represented by Bill Fuller and Martin Pinilla.
On the Map
$20,100,000
Retail
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Players
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93