Santiago Guanuna Acquires Little River Retail Property For $8M
8700 Northeast 7th Avenue, Miami, Florida 33138, United States
$8,000,000
$285/SF
Building Size
28,000 SF
Asset Type
Retail
Closing
Aug 17, 2022
AI
Located in Little River, Miami, this retail property at 8700 NW 7th Ave has recently been sold. The transaction took place on August 18, 2022, with a sale price of $8,000,000. The property spans a total area of 28,000 square feet, resulting in a price per square foot of $286. The buyer in this deal was Santiago Guanuna, while the seller was Miami Rescue Mission. Representing the buyer and seller respectively was Alex Suarez from Global Investments Realty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 8700 NW 7th Ave, Little River, Miami
- Buyer: Santiago Guanuna
- Seller: Miami Rescue Mission
- Broker: Alex Suarez - Global Investments Realty
- Square Footage: 28,000
- Price per Square Foot: $286
This sale marks an exciting acquisition for Santiago Guanuna and a successful transaction for Miami Rescue Mission, demonstrating the ongoing activity in the retail market in Little River, Miami.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93