Updated Dec 21, 2023
Scott Fuhrman Acquires Industrial Property In Allapattah For $3.65M
1031 Northwest 21st Street, Allapattah, Miami, FL, USA
$3,650,000
$445/SF
Building Size
8,189 SF
Asset Type
Industrial
Closing
Oct 9, 2021
About this deal
AI
The industrial property located at 1031 NW 21 Street in Allapattah has been sold for a total price of $3,650,000. The transaction took place on October 9, 2021. The property spans a total area of 8,189 square feet, resulting in a price per square foot of $446. The lot size is 19,880 square feet, with a price per lot square foot of $184. The sale was facilitated by Jonathan Eismann of Gridline Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,650,000
- Market: Allapattah
- Buyer: Scott Fuhrman
- Seller: Austin & Sarah Harrelson
- Broker: Jonathan Eismann - Gridline Properties
Scott Fuhrman was the buyer of the property. Austin & Sarah Harrelson acted as the sellers in this transaction. Jonathan Eismann, from Gridline Properties, represented the buyer and seller. The property is located in the Allapattah market and falls under the industrial asset type.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93