Updated Dec 21, 2023
Yuri Lisbon Acquires Industrial Property In North Miami Beach, FL For $4.08M
1160 Northwest 163rd Drive
$4,080,000
$151/SF
Building Size
27,000 SF
Asset Type
Industrial
Closing
Jan 4, 2022
About this deal
AI
Located at 1160 NW 163rd Drive in North Miami Beach, FL, this industrial property has recently been sold in a closed transaction. The property spans approximately 27,000 square feet and was purchased for a total sale price of $4,080,000, resulting in a price per square foot of $151.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,080,000
- Address: 1160 NW 163rd Drive, North Miami Beach, FL
- Market: North Miami Beach, FL
- Buyer: Yuri Lisbon
- Seller's Representatives: Larry Genet - CBRE, Tom O'Loughlin - CBRE
The buyer, Yuri Lisbon, acquired this industrial property in North Miami Beach. The transaction was facilitated by Larry Genet and Tom O'Loughlin, who represented the seller in the deal.
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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93