Updated Dec 4, 2024
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
About this deal
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.
On the Map
$7,400,000
$246/SF
Industrial
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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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93