Updated Dec 21, 2023
Norman Braman Acquires Industrial Assets In Edgewater For $13M
106 Northeast 20th Street, Miami, Florida 33137, United States
$13,000,000
$691/SF
Building Size
18,792 SF
Asset Type
Industrial
Closing
Mar 20, 2022
About this deal
AI
The industrial property located at 106 Northeast 20th Street, 120 Northeast 20th Street, and 135 Northeast 19th Terrace in Edgewater has been sold for $13,000,000. The property spans a total of 18,792 square feet and was purchased by Norman Braman. The transaction took place on March 21, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Address: 106 Northeast 20th Street, 120 Northeast 20th Street, 135 Northeast 19th Terrace
- Market: Edgewater
Norman Braman acquired the property from Katja Wehe-Rodriguez, Michael Wehe, and Claudia Domenech.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93