Rubell Museum Acquires Industrial Property In Allapattah, Miami For $5.35M
SOLD
$5,350,000
Florida
See Similar DealsIndustrial28,902 SF
Sold 07/30/2020
SOLD
Rubell Museum Acquires Industrial Property In Allapattah, Miami For $5.35M
1000 Northwest 23rd Street, Miami, FL, USA
See Similar DealsIndustrial28,902 SF
Sold 07/30/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$185
Total Square Footage:28,902 SF
Transaction Type:Sale
The industrial property located at 1000 NW 23 St in Allapattah, Miami has been sold for a total price of $5,350,000. The property spans 28,902 square feet, resulting in a price per square foot of $185. The transaction took place on July 30, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,350,000
- Address: 1000 NW 23 St, Allapattah, Miami
- Market: Allapattah, Miami
The buyer of the property is the Rubell Museum, while the sellers are Charlie Vasquez and Marilyn Vasquez. The transaction was facilitated by Stefano Santoro from Current Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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