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161 Northwest 29th Street

Daniel Lombardi Acquires Industrial Property In Miami For $5.15M Via Luis Guevara
SOLDIndustrial

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

Mauricio Zapata

Chariff Realty Group

Broker

$61.5M

vol

34 deals

Broker

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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93