Joseph Cohen Acquires Industrial Property In Miami Gardens For $6.85M
16725 Northwest 20th Avenue
$6,850,000
$237/SF
Building Size
28,858 SF
Asset Type
Industrial
Closing
Sep 6, 2022
AI
The industrial property located at 16725 NW 20th Ave in Miami Gardens has been sold for a total price of $6,850,000. The property spans across 28,858 square feet, resulting in a price per square foot of $237.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,850,000
- Square Footage: 28,858
- Price Per Square Foot: $237
- Market: Miami Gardens
The buyer of the property is Joseph Cohen, while the seller is Rogelio Tovar. The deal was facilitated by Benjamin H. Silver and Sebastian Misiewicz from CBRE, who acted as the brokers in the transaction.
Players
Miami Gardens 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93