Ulises De La Vega Purchases Industrial Asset From Clifford Deltis In North Miami For $1.015M
1420 Northeast 131st Street
$1,015,000
$285/SF
Building Size
3,558 SF
Asset Type
Industrial
Closing
Jan 13, 2026
AI
The property involved in this transaction is located at 1420 Northeast 131st Street in North Miami. It is classified as an industrial asset with a total square footage of 3,558. The sale price for the property was set at $1,015,000, resulting in a price per square foot of $285.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,015,000
- Address: 1420 Northeast 131st Street
- Market: North Miami
- Square Footage: 3,558
- Price per Square Foot: $285
- Buyer: Ulises De La Vega
- Seller: Clifford Deltis
- Brokers: Irene Cadet & Paul Coate - The Keyes Company
Ulises De La Vega acted as the buyer in this transaction, while Clifford Deltis served as the seller. The brokers representing this deal were Irene Cadet and Paul Coate from The Keyes Company, facilitating the sale and connecting both parties in the transaction.
Players
North 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
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93