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
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