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1125 Nw 71 St

Nicolas Alegria Acquires Miami Industrial Property For $7.4M
SOLDIndustrial

Nicolas Alegria Acquires Miami Industrial Property For $7.4M

1125 Nw 71 St

$7,400,000

$246/SF

Building Size

30,000 SF

Asset Type

Industrial

Closing

Dec 29, 2023

AI

The industrial property located at 1125 Northwest 71st Street in Miami has been sold in a recent transaction. The property spans approximately 30,000 square feet and was sold for a price of $7,400,000, resulting in a price per square foot of $247.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,400,000
  • Address: 1125 Northwest 71st Street, Miami
  • Market: Miami

Nicolas Alegria has acquired the property from Michael Athea and Julien Bartolini. Susan Martinez, representing Sido Miami Real Estate, acted as the buyer's representative for this transaction.

Players

Susan Martinez

Sido Miami Real Estate

Broker

$8.8M

vol

2 deals

Broker

Nicolas Alegria

Buyer

$14.8M

vol

2 deals

Buyer

Julien Bartolini

Seller

$14.8M

vol

2 deals

Seller

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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93