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Joseph Cohen Acquires Industrial Property In Miami Gardens For $6.85M

Property Image
SOLD
$6,850,000
Benjamin (Ben) Silver
JC
Sebastian Misiewicz

Florida

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Industrial28,858 SF
Sold 09/06/2022
the dealplayerscompscontact
Property Image
SOLD

Joseph Cohen Acquires Industrial Property In Miami Gardens For $6.85M

16725 Northwest 20th Avenue

See Similar Deals
Industrial28,858 SF
Sold 09/06/2022
Benjamin (Ben) Silver
JC
Sebastian Misiewicz
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$237
Total Square Footage:28,858 SF
Transaction Type:Sale

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

Benjamin (Ben) Silver
CBRE
Benjamin Silver
36 deals$255.5M volume(786) 999-4541
BROKER
Sebastian Misiewicz
Lee & Associates
Sebastian Misiewicz
16 deals$98M volume(305) 904-5956
BROKER
JC
Joseph Cohen
8 deals$23.3M volume
BUYER
JC
Joseph Cohen
8 deals$23.3M volume
BUYER
JC
Joseph Cohen
8 deals$23.3M volume
BUYER
JC
Joseph Cohen
8 deals$23.3M volume
BUYER

Details

SOLD
IMAGE: Benjamin H. Silver & Sebastian Misiewicz DATE: 09/06/2022 ADDRESS: 16725 NW 20th Ave MARKET: Miami Gardens ASSET TYPE: Industrial BUYER: Joseph Cohen SELLER: Rogelio Tovar BROKERS: Benjamin H. Silver (@Bejammin17) & Sebastian Misiewicz (@Miamibrothersre) - CBRE SALE PRICE: $6,850,000 SF: 28,858 ~ PPSF: $237

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$365,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,336.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,472.49
Annual Debt Service$389,669.94