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
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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