Updated Oct 25, 2024
Roland DiGasbarro Acquires Industrial Property In Miami From Domingo Rodriguez For $5M
1221 Northwest 22nd Street, Miami, FL, USA
$5,000,000
$238/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
Apr 26, 2021
About this deal
AI
The industrial property located at 1221 Northwest 22nd Street in Miami has been sold in a recent transaction. The property spans 21,000 square feet and is situated on 1.6 acres of land. The sale price for this industrial asset was $5,000,000, resulting in a price per square foot of $238. The price per acre was $3,125,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Location: 1221 Northwest 22nd Street, Miami
- Size: 21,000 square feet
- Price per Square Foot: $238
- Land Size: 1.6 acres
- Price per Acre: $3,125,000
Roland DiGasbarro purchased this industrial property from Domingo Rodriguez. The transaction was facilitated by Carlos Fausto Miranda from Fausto Commercial, who represented the buyer 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93