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
$1,250,000
$542/SF
Building Size
2,303 SF
Asset Type
Retail
Closing
Mar 17, 2020
AI
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.
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93