Ramces Gallego Purchases Retail Property From Charles Ernst In Venice For $6.76M
8959 Tamiami Trail
$6,757,514
$1,487/SF
Building Size
4,542 SF
Asset Type
Retail
Closing
Oct 21, 2025
AI
This retail asset, located at 8959 Tamiami Trail in Venice, has been successfully sold for $6,757,514. It encompasses a total square footage of 4,542, translating to a price per square foot of $1,487.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,757,514
- Address: 8959 Tamiami Trail
- Market: Venice
- Square Footage: 4,542
- Price per Square Foot: $1,487
- Buyer: Ramces Gallego
- Seller: Charles Ernst
- Brokers: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
The transaction involved key individuals including buyer Ramces Gallego and seller Charles Ernst. The brokerage team from Marcus & Millichap was represented by Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves, facilitating the closing of this retail property deal.
Players
Venice 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93