Updated Dec 4, 2024
Ray Shadravan Acquires Industrial Property In Miami From Jack Rosenthal For $1.4M
14225 Southwest 140th Street
$1,425,000
$121/SF
Building Size
11,781 SF
Asset Type
Industrial
Closing
Jan 9, 2024
About this deal
AI
The industrial property located at 14225 Southwest 140th Street in Miami was recently sold in an off-market transaction. The property spans 11,781 square feet and was sold for a price of $1,425,000, resulting in a price per square foot of $121. The sale took place at a 2% cap rate, indicating a favorable investment opportunity.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,425,000
- Square Footage: 11,781
- Price per Square Foot: $121
- Address: 14225 Southwest 140th Street, Miami
Ray Shadravan acted as the buyer in this transaction, while Jack Rosenthal served as the seller. The buyer was represented by Adam H. Klein and Elon Gerberg from The ROI Group of SVN Commercial Partners - SVN. For further information, individuals can reach out to Adam H. Klein at [email protected] or 516.445.3070, and Elon Gerberg at [email protected] or 561.485.1129.
Adam H. Klein and Elon Gerberg, the brokers involved in this deal, concluded the sale at an attractive price of $121 per square foot and a 2% cap rate. These brokers also handle other exclusive listings and can be contacted for further commercial real estate investment opportunities.
For more updates on exclusive listings and valuable commercial real estate investment sales insights, follow The ROI Group of SVN Commercial Partners - SVN at https://linktr.ee/roigroupofsvn.
Players
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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93