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950 SW 8th St, Miami, FL 33...

LA GRAN VIA CALLE OCHO LLC Acquires Retail Property On 950 SW 8th Street In Little Havana For $1.25M
SOLDRetail

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.

Players

Arnaldo Cantero III
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Arnaldo Cantero III

C-3 Commercial Real Estate Advisory

Broker

$26.4M

vol

9 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93