Updated Dec 4, 2024
Roberto Dominguez Acquires Industrial Property In Miami Lakes For $2.9M
15201 Northwest 60th Avenue
$2,900,000
$297/SF
Building Size
9,747 SF
Asset Type
Industrial
Closing
Sep 28, 2023
About this deal
AI
A 12 unit light industrial warehouse condominium in the heart of Miami Lakes has been sold for $2,900,000. The property, located at 15201 Northwest 60th Avenue, spans a total area of 9,747 square feet. The sale price translates to an approximate price per square foot of $298.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Address: 15201 Northwest 60th Avenue
- Market: Miami Lakes
- Square Footage: 9,747 SF
The buyer, Roberto Dominguez, acquired the property with the assistance of his representative, Joseph Suarez from Florida Capital Realty. The transaction was completed for the full asking price of $2,900,000. Roberto Dominguez recognized the potential of this 12-unit light industrial warehouse in the bustling area of Miami Lakes.
Miami Lakes 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93