Jamie Foy Purchases Industrial Asset At 1500 Northwest 22nd Street Miami For $1.7M
1500 Northwest 22nd Street
$1,700,000
$303/SF
Building Size
5,600 SF
Asset Type
Industrial
Closing
Aug 19, 2025
AI
The property involved in this transaction is an industrial asset located at 1500 Northwest 22nd Street in the Miami market. It was sold for a total of $1,700,000. The asset has a total square footage of 5,600, which translates to a price per square foot of $303.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 1500 Northwest 22nd Street
- Market: Miami
- Square Footage: 5,600
- Price per Square Foot: $303
- Buyer: Jamie Foy
- Seller: Christine Cha Fong & Patrick Cha Fong
- Brokers: Juan Andres Nava, Lia Figueredo & Alexandra Rosy Palomo-Pujol - Metro 1 Commercial
The transaction featured a collaborative effort from multiple brokers representing both the buyer and the sellers. Juan Andres Nava, Lia Figueredo, and Alexandra Rosy Palomo-Pujol from Metro 1 Commercial facilitated the deal, highlighting their involvement in successfully closing this transaction.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93