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16767 Old Cutler Road

Daniel Karborani Acquires Industrial Property In Cutler Bay From Polly Leibe For $2M
SOLDIndustrial

Daniel Karborani Acquires Industrial Property In Cutler Bay From Polly Leibe For $2M

16767 Old Cutler Road

$2,000,000

$527/SF

Building Size

3,790 SF

Asset Type

Industrial

Closing

Aug 14, 2025

AI

The property asset involved in the transaction is an industrial building located at 16767 Old Cutler Road in Cutler Bay. The sale price is set at $2,000,000, encompassing a total square footage of 3,790, resulting in a price per square foot of $527.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,000,000
  • Square Footage: 3,790
  • Price Per Square Foot: $527
  • Buyer: Daniel Karborani
  • Seller: Polly Leibe
  • Broker: Bobby Berrido - Fausto Commercial Realty Consultants
  • Date of Transaction: 08/15/2025

The transaction took place with Daniel Karborani as the buyer and Polly Leibe as the seller. Bobby Berrido from Fausto Commercial Realty Consultants represented the broker in this deal, facilitating the sale of the industrial asset.

Players

Bobby Berrido, CCIM

Fausto Commercial Realty Consultants

Broker

$107.3M

vol

23 deals

Broker
Fausto Commercial Realty Consultants
Fausto Commercial Realty ConsultantsBrokerage

Palmetto Bay 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93