facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

14000 SW 140th St Miami, FL...

Ignacio Portuondo Acquires Industrial Property In Miami For $11.15M
SOLDIndustrial

Ignacio Portuondo Acquires Industrial Property In Miami For $11.15M

14000 SW 140th St Miami, FL 33186, USA

$11,150,000

$212/SF

Building Size

52,456 SF

Asset Type

Industrial

Closing

Sep 1, 2023

AI

An industrial property located at 14000 SW 140 St in Miami has been sold for a price of $11,150,000. The property spans across 52,456 square feet, resulting in a price per square foot of $213. The lot size is 130,000 square feet, with a price per lot square foot of $86.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $11,150,000
  • Square Footage: 52,456
  • Address: 14000 SW 140 St
  • Market: Miami

The buyer of the property is Ignacio Portuondo of COFE Properties, while the seller is Dennis Peel from Red Dot Builders. Axiom Capital Advisors represented the buyer, with Jose Sasson, Eli Sasson, and Robert Susi acting as their representatives. The seller was represented by Adriano Salucci, Miguel Pinto, and Nick Hernandez from APEX Capital Realty.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$878.8M

vol

78 deals

Broker
CP
COFE PropertiesBuyer

Dennis Peel

Red Dot Builders

Seller

$22.3M

vol

2 deals

Seller

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.42%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93