Gazit Horizons Acquires Retail Property In Brickell For $20.1M
90 Southwest 8th Street, Miami, Florida 33135, United States
$20,100,000
$2,151/SF
Building Size
9,343 SF
Asset Type
Retail
Closing
Mar 2, 2022
About this deal
AI
Located at 90 Southwest Eighth Street in the Brickell market, this retail property was recently sold in a closed transaction. The sale took place on March 3, 2022. The property spans 9,343 square feet and has a sale price of $20,100,000, resulting in a price per square foot of $2,151. The land area of the property is 14,126 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $20,100,000
- Address: 90 Southwest Eighth Street
- Market: Brickell
Gazit Horizons, represented by Jeff Mooallem, purchased the property from Brickell Station Partners. The sellers were Bill Fuller and Martin Pinilla, accompanied by their representatives Hector Antunez and Juan Andres Nava from Metro 1 Commercial. On the buyer's side, Fabian Graff from Metro 1 Commercial served as the representative.
On the Map
$20,100,000
$2,151/SF
Retail
View full map
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Fabian Graff 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93