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
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