David Herskowitz Acquires Store In Miami, FL For $2.7M
950 Southwest 8th Street, Miami, Florida 33135, United States
$2,700,000
$1,172/SF
Building Size
2,303 SF
Asset Type
Retail
Closing
May 15, 2022
About this deal
AI
The property at 950 SW 8th St in Miami, FL was sold on May 16, 2022. The asset is a store with a total square footage of 2,303. The sale price for the property was $2,700,000, resulting in a price per square foot of $1,172.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,700,000
- Square Footage: 2,303
- Price per Square Foot: $1,172
- Address: 950 SW 8th St, Miami, FL
David Herskowitz acted as the buyer in the transaction, while Vincent Mazzie, William O. Fuller, and Martin Pinilla II were the sellers.
On the Map
$2,700,000
$1,172/SF
Retail
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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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93