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Jason Rubell & Mera Rubell Acquire Allapattah Industrial Property For $10.7M

Property Image
SOLD
$10,700,000
Joel A. Kattan
Anthony Peragine
JC
+ 1

Florida

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Industrial45,711 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Jason Rubell & Mera Rubell Acquire Allapattah Industrial Property For $10.7M

1090 Northwest 23rd Street, Miami, Florida 33142, United States

See Similar Deals
Industrial45,711 SF
Sold
Joel A. Kattan
Anthony Peragine
JC
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$234
Total Square Footage:45711 SF
Transaction Type:Sale

The industrial property located at 1090 NW 23rd St in Allapattah has been sold for $10,700,000. The property spans 45,711 square feet, resulting in a price per square foot of $234. The sale was completed on March 29, 2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $10,700,000
  • Address: 1090 NW 23rd St
  • Market: Allapattah

The buyers of the property were Jason Rubell and Mera Rubell, while the sellers were Jose Carrera and Alfonso Llozada. The deal was facilitated by brokers Joel A. Kattan, SIOR and Anthony Peragine from SVN Commercial Realty.

Players

Joel A. Kattan
SVN
Joel A. Kattan
15 deals$171.8M volume
BROKER
Anthony Peragine
SVN
Anthony Peragine
15 deals$171.8M volume
BROKER
JR
Jason Rubell
3 deals$31.2M volume
BUYER
JC
Jose Carrera
7 deals$38.3M volume
SELLER

Details

SOLD
IMAGE: Anthony Peragine & Joel A. Kattan, SIOR DATE: 03/29/2022 ADDRESS: 1090 NW 23rd ST MARKET: Allapattah ASSET TYPE: Industrial BUYER: Jason Rubell & Mera Rubell SELLER: Jose Carrera & Alfonso Llozada BROKERS: Joel A. Kattan, SIOR (@JoeyKattan_11) & Anthony Peragine (@AnthonyPeraginepa) - SVN Commercial Realty (@SVNMiami) SALE PRICE: $10,700,000 SF: 45,711 ~ PPSF: $234

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$570,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51