Juan Antonio Bruno Perroni Filho Purchases 85,483 SF Industrial Property In Miami For $26.8M
1010 Northwest 72nd Street
$26,800,000
$313/SF
Building Size
85,483 SF
Asset Type
Industrial
Closing
Feb 25, 2025
AI
A 4.7-acre industrial property located at 1010 Northwest 72nd Street in Miami has been sold. The asset features a warehouse with a total square footage of 85,483, which was transacted for a price of $26,800,000, translating to approximately $314 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,800,000
- Buyer: Juan Antonio Bruno Perroni Filho
- Seller: Randy Kendrick - Xebec Realty
- Square Footage: 85,483 SF
- Market: Miami
- Acres: 4.7
- Price per Square Foot: $314
The sale was facilitated by Xebec Realty, represented by Randy Kendrick. Following this transaction, the company retains two remaining industrial projects in Miami-Dade, each with a size of 160,440 square feet, amounting to a total of 320,860 square feet, projected for completion by Q1.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93