LA GRAN VIA CALLE OCHO LLC Acquires Retail Property On 950 SW 8th Street In Little Havana For $1.25M
SOLD
$1,250,000
Florida
See Similar DealsRetail2,303 SF
Sold 03/18/2020
SOLD
LA GRAN VIA CALLE OCHO LLC Acquires Retail Property On 950 SW 8th Street In Little Havana For $1.25M
950 SW 8th St, Miami, FL 33130, USA
See Similar DealsRetail2,303 SF
Sold 03/18/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$542
Total Square Footage:2,303 SF
Transaction Type:Sale
950 SW 8th Street in Little Havana has been sold for $1,250,000. The retail property spans 2,303 square feet, resulting in a price per square foot of $542.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,250,000
- Address: 950 SW 8th Street
- Market: Little Havana
MP MGMT CONSULTING was the seller of the property, while LA GRAN VIA CALLE OCHO LLC emerged as the buyer. The deal was facilitated by Arnaldo Cantero III from BGRS_Commercial, representing LA GRAN VIA CALLE OCHO LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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