Daniel Lombardi Acquires Industrial Property In Miami For $5.15M Via Luis Guevara
161 Northwest 29th Street
$5,150,000
$1,241/SF
Building Size
4,148 SF
Asset Type
Industrial
Closing
Feb 15, 2024
AI
The industrial property located at 161 Northwest 29th Street in Miami was sold for $5,150,000. The property spans 4,148 square feet, resulting in a price per square foot of $1,242. The sale involved the buyer, Daniel Lombardi, and the seller, Dr. Armando Bardisa of Bardisa Family Holdings. The transaction was facilitated by Luis Guevara from Chariff Realty Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,150,000
- SF: 4,148
- PPSF: $1,242
- Address: 161 Northwest 29th Street, Miami
- Buyer: Daniel Lombardi
- Seller: Dr. Armando Bardisa - Bardisa Family Holdings
- Broker: Luis Guevara - Chariff Realty Group
The deal involved the collaboration of key individuals including Luis Guevara and Dr. Armando Bardisa. Daniel Lombardi played a significant role as the buyer in this transaction, showcasing the strategic engagement of these parties in the negotiated sale.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93