Roland DiGasbarro Acquires Industrial Property In Miami From Domingo Rodriguez For $5M
SOLD
$5,000,000
Florida
See Similar DealsIndustrial21,000 SF
Sold 04/27/2021
SOLD
Roland DiGasbarro Acquires Industrial Property In Miami From Domingo Rodriguez For $5M
1221 Northwest 22nd Street, Miami, FL, USA
See Similar DealsIndustrial21,000 SF
Sold 04/27/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$238
Total Square Footage:21,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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