SOLDIndustrial
Jason Rubell & Mera Rubell Acquire Allapattah Industrial Property For $10.7M
1090 Northwest 23rd Street, Miami, Florida 33142, United States
$10,700,000
$234/SF
Building Size
45,711 SF
Asset Type
Industrial
Closing
Mar 28, 2022
AI
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
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93