Updated Oct 28, 2024
Lndmrk Development Acquires Miami Industrial Property For $14.75M
1601 N Miami Ave, Miami, FL, USA
$14,750,000
$837/SF
Building Size
17,616 SF
Asset Type
Industrial
Closing
Nov 13, 2021
About this deal
AI
The industrial property located at 1601 N Miami Ave in Miami has been sold in a recent transaction. The property spans 17,616 square feet and was sold for a price of $14,750,000, resulting in a price-per-square-foot of $837. The sale took place on 11/14/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,750,000
- Address: 1601 N Miami Ave, Miami
- Market: Miami
Alexander Karakhanian, representing Lndmrk Development, acted as the buyer in this transaction. On the other hand, Steven Gombinski of Gombinski Realty served as the seller.
Please note that no additional information is available regarding 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93