Updated Dec 4, 2024
Triarch Capital Group Acquires Industrial Property At 15733 Southwest 117th Avenue For $3.25M
15733 Southwest 117th Avenue
$3,250,000
$48/SF
Building Size
67,518 SF
Asset Type
Industrial
Closing
Oct 16, 2024
About this deal
AI
The property involved in this transaction is located at 15733 Southwest 117th Avenue in Miami, characterized as an industrial asset. The sale price for this property was $3,250,000, with a total square footage of 67,518, equating to a price per square foot of $48.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Square Footage: 67,518
- Price per Square Foot: $48
- Buyer: Triarch Capital Group - Stefan Grosfeld
- Seller: Jason Rivera
- Buyer's Representative: Roberto Susi & Jose Sasson Lerner - AXIOM Capital Advisors
- Seller's Representative: Robert Eckstein - NAI Global
- Date of Transaction: 10/16/2024
This transaction was facilitated by key individuals from both sides, including Roberto Susi and Jose Sasson Lerner representing the buyer through AXIOM Capital Advisors, while Robert Eckstein acted on behalf of the seller through NAI Global. These brokers specialize in sourcing and facilitating off-market transactions.
On the Map
$3,250,000
$48/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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93