The Taverna Collection Acquires Miami Retail Property From TAM Investment Properties For $6.5M
8301 Northwest 7th Avenue, Miami, Florida 33150, United States
$6,500,000
$166/SF
Building Size
38,961 SF
Asset Type
Retail
Closing
Aug 15, 2022
AI
The retail property located at 8301 NW 7 Ave in Miami has been sold for $6,500,000. The property spans across 3.53 acres and has a total area of 38,961 square feet. The sale price per square foot was $167. The transaction took place on August 16, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 8301 NW 7 Ave
- Market: Miami
- Acres: 3.53
The buyer of the property is The Taverna Collection represented by GianMarco Taverna. TAM Investment Properties, LLC acted as the seller. The transaction was facilitated by broker Ron Osborne from SperryCGA | RJ Realty.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93