Updated Oct 25, 2024
Alexis Agopian Acquires Industrial Property In Miami For $2.5M
1085 Northwest 62nd Street, Miami, FL, USA
$2,500,000
$104/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Oct 15, 2021
About this deal
AI
An industrial property in Miami has been sold at a price of $2,500,000. The property, located at 1085 NW 62nd St & 1055 NW 62nd St, spans approximately 24,000 square feet, resulting in a price per square foot of $104. The transaction took place on October 15, 2021. The sale was facilitated by Tomas Sulichin of Related ISG International Realty.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 1085 NW 62nd St & 1055 NW 62nd St
- Market: Miami
Alexis Agopian was the buyer of the industrial property, while the sellers were Keith, Romi, and Daniel Mawardi. Tomas Sulichin, representing Related ISG International Realty, acted as the broker for the transaction.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93