Pedro Camejo Acquires Retail Property At 2542 Southwest 8th Street From NorthStar Memorial Group For $3.1M
2542 Southwest 8th Street
$3,100,000
$325/SF
Building Size
9,535 SF
Asset Type
Retail
Closing
Aug 29, 2024
AI
The transaction involves a retail property located at 2542 Southwest 8th Street in the Miami market. The sale price for the asset is $3,100,000, with a total square footage of 9,535 and a price per square foot of $325.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Seller: NorthStar Memorial Group
- Buyer: Pedro Camejo
- Brokers: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
Jonathan De La Rosa and Eduardo Toledo represented the buyer and seller in this transaction, facilitating the sale process between Pedro Camejo and NorthStar Memorial Group.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93