Updated Oct 13, 2026
Jin & Myung Moon Acquire Industrial Property In Miami For $3.4M
1501 Northwest 23rd Street
$3,400,000
$276/SF
Building Size
12,292 SF
Asset Type
Industrial
Closing
May 19, 2023
About this deal
AI
A industrial property located at 1501 Northwest 23rd Street in Miami has been sold for $3,400,000. The property spans across 13,138 square feet and is valued at $259 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Address: 1501 Northwest 23rd Street, Miami
- Square Footage: 13,138
- Price Per Square Foot: $259
- Buyer: Jin & Myung Moon
- Seller: Keith Menin & Jared Galbut
- Seller's Representative: Jonathan Eismann - Gridline Properties
Jin & Myung Moon have acquired the industrial property located at 1501 Northwest 23rd Street in Miami. The sellers, Keith Menin and Jared Galbut, were represented by Jonathan Eismann of Gridline Properties.
On the Map
$3,400,000
$276/SF
Industrial
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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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93