Isaac Del Sol Acquires Allapattah Industrial Property For $715,000

The industrial property located at 1500 Northwest 21st Street in Allapattah has been sold for a price of $715,000. The property spans 1,500 square feet, resulting in a price per square foot of $477. The sale was completed on 04/28/2023.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $715,000
• Address: 1500 Northwest 21st Street
• Market: Allapattah

The buyer of the property is Isaac Del Sol, while the sellers are Manuel Garcia and Luis Maritatu. The transaction was facilitated by Jonathan Eismann of Gridline Properties. It is worth noting that this sale was the result of a listing that lingered on the market for three years. Additionally, the property was delivered vacant at closing to its new owner. The property has a history of violations spanning over 20 years, including minor code compliance issues, DERM violations, environmental contamination, and tenant encumbrances.

Jonathan Eismann PA and Gridline Properties specialize in acquiring industrial warehouse properties in Miami's Urban Core and delivering them vacant at closing to user buyers. They have expertise in handling properties with violations and defects, ensuring compliance, addressing environmental concerns, and resolving tenant encumbrances. If you have a "banged-up" property, you can trust Gridline Properties to navigate the complexities and successfully sell it.