Demello 840 LLC Acquires Retail Property In West Brickell For $1.2M
840 SW 8th St, Miami, FL 33130, USA
$1,200,000
$42/SF
Building Size
28,210 SF
Asset Type
Retail
Closing
Aug 30, 2020
About this deal
AI
The property involved in this closed transaction is a retail asset located at 840 SW 8th Street in West Brickell. It has a total area of 2,821 square feet and was sold for a price of $1,200,000, equivalent to a price per square foot of $425.38.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Address: 840 SW 8th Street
- Market: West Brickell
- Square Footage: 2,821
- Price Per Square Foot: $425.38
The seller of the property was Kindheart Capital LLC, represented by Babba Joshua Yesharim. The buyer, on the other hand, was Demello 840 LLC, represented by Andrew Demello.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Babba Joshua Yesharim to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93