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1125 Northwest 71st Street

Nicolas Alegria Acquires Industrial Property In Miami For $7.4M
SOLDIndustrial

Nicolas Alegria Acquires Industrial Property In Miami For $7.4M

1125 Northwest 71st Street

$7,400,000

$246/SF

Building Size

30,000 SF

Asset Type

Industrial

Closing

Dec 29, 2023

AI

A 30,000 square foot industrial property located at 1125 Northwest 71st Street in Miami has been sold for $7,400,000. The property was purchased by Nicolas Alegria from sellers Michael Athea and Julien Bartolini. The sale was facilitated by Alex Suarez from Global Investments Realty.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $7,400,000
  • Square Footage: 30,000
  • Price per Square Foot: $247
  • Address: 1125 Northwest 71st Street, Miami

Nicolas Alegria acquired the industrial property located at 1125 Northwest 71st Street in Miami. The sellers, Michael Athea and Julien Bartolini, were represented by Alex Suarez from Global Investments Realty.

Players

Alex Suarez

Global Investments Realty

Broker

$175.4M

vol

10 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