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83 SW 8th St, Miami, FL, 33130

Gazit Horizons Acquires Property From Brickell Station Partners For $20.1 Million In Miami
SOLDRetail

Gazit Horizons Acquires Property From Brickell Station Partners For $20.1 Million In Miami

83 SW 8th St, Miami, FL, 33130

$20,100,000

Building Size

Asset Type

Retail

Closing

Nov 20, 2023

AI

A retail property located at 83 SW 8th St, Miami, FL, 33130 was sold for $20,100,000.00. The property is situated within the Miami market and has a square footage of 0. It is currently occupied by Toasted Bagelry & Deli, Talkin’ Tacos, CBD American Shaman, and Stanzione 87 pizzeria. The building is positioned along The Underline linear park, close to Brickell City Centre and accessible to Metromover and Metrorail stops.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,100,000.00
  • Address: 83 SW 8th St, Miami, FL, 33130
  • Market: Miami
  • Seller: Brickell Station Partners
  • Buyer: Gazit Horizons
  • Seller's Representatives: Juan Andres Nava - Metro 1 Commercial, Hector Antunez
  • Buyer's Representative: Fabian Graff - Metro 1

This transaction involved key players in the real estate sector. Juan Andres Nava and Hector Antunez represented Brickell Station Partners, while Fabian Graff represented Gazit Horizons in this deal.

Players

Juan Andres Nava

Metro 1 Commercial

Broker

$193.4M

vol

35 deals

Broker
Gazit Horizons
Gazit HorizonsBuyer

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