Updated Nov 17, 2023
Gregory Shalette Acquires Miami Warehouse For $8.75M
16330 Southwest 147th Avenue, Miami, Florida 33187, United States
$8,750,000
$1,750,000/SF
Building Size
5 SF
Asset Type
Industrial
Closing
Feb 12, 2022
About this deal
AI
A warehouse located at 16330 Sw 147th Ave in Miami, FL was recently sold in a transaction on December 2, 2022. The property spans over 5,000 square feet and was purchased for a price of $8,750,000, resulting in a price per square foot of $1,750.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $8,750,000
- Address: 16330 Sw 147th Ave, Miami, FL
- Market: Miami, FL
The buyer of the warehouse is Gregory Shalette, while Carol Stevens & Wallace Stevens are the sellers in 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93