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1500 Northwest 22nd Street

Updated Sep 10, 2025

Jamie Foy Purchases Industrial Asset At 1500 Northwest 22nd Street Miami For $1.7M
SOLDIndustrial

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

About this deal

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.

On the Map

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$1,700,000

$303/SF

Industrial

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Players

Juan Andres Nava

Metro 1 Commercial

Broker

$199M

vol

37 deals

Broker
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Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $303 per square foot on a published $1.7M for 5,600 square feet (2025).

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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

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