Updated Dec 4, 2024
Max Alvarez Acquires Industrial Property In Miami For $4.2M
13695 Southwest 42nd Street
$4,200,000
$1,014/SF
Building Size
4,140 SF
Asset Type
Industrial
Closing
Jun 20, 2024
About this deal
AI
The industrial property located at 13695 Southwest 42nd Street in Miami was sold for $4,200,000. This property spans 4,140 square feet, translating to a price per square foot of $1,014.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Buyer: Max Alvarez
- Seller: Conrad A. Kies Tr
- Broker: Bobby Berrido - Fausto Commercial Realty Consultants
The broker in charge of facilitating this transaction was Bobby Berrido from Fausto Commercial Realty Consultants, bringing together the buyer, Max Alvarez, and the seller, Conrad A. Kies Tr. This successful deal underscores the expertise and professionalism in the commercial real estate industry within the Miami market.
On the Map
$4,200,000
$1,014/SF
Industrial
View full map
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Bobby Berrido, CCIM to view all their deals.
Browse Miami industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93