Updated Oct 28, 2024
Rubell Museum Acquires Industrial Property In Allapattah, Miami For $5.35M
1000 Northwest 23rd Street, Miami, FL, USA
$5,350,000
$185/SF
Building Size
28,902 SF
Asset Type
Industrial
Closing
Jul 30, 2020
About this deal
AI
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.
On the Map
$5,350,000
$185/SF
Industrial
View full map
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Stefano Santoro to view all their deals.
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93