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1335 Northwest 21st Terrace...

Ariel Bentata Of Accesso Partners Acquires Industrial Property In Allapattah For $10.5M
SOLDIndustrial

Ariel Bentata Of Accesso Partners Acquires Industrial Property In Allapattah For $10.5M

1335 Northwest 21st Terrace, Miami, Florida 33142, United States

$10,500,000

$299/SF

Building Size

35,094 SF

Asset Type

Industrial

Closing

Jun 15, 2022

AI

An industrial property located at 1335 NW 21st Terrace in Allapattah, Miami has been sold for $10,500,000. The property spans a total of 35,094 square feet and was sold at a price per square foot of $299.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,500,000
  • Address: 1335 NW 21st Terrace, Allapattah, Miami
  • Market: Allapattah, Miami

The buyer of the property is Ariel Bentata from Accesso Partners, represented by Ted Konigsberg from Infinity Commercial Real Estate. The seller of the property is Robert Wennett. The buyer's representative is Ted Konigsberg from Infinity Commercial Real Estate, while the seller is represented by Joe Fernandez from DWNTWN Realty Advisors.

Players

Joe Fernandez

DWNTWN Realty Advisors

Broker

$56M

vol

15 deals

Broker
Accesso Partners
Accesso PartnersBrokerage
Ariel Bentata

Ariel Bentata

Buyer

$195.7M

vol

8 deals

Buyer

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93