Updated Aug 22, 2025
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
About this deal
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.
On the Map
$2,000,000
$527/SF
Industrial
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Players
Palmetto Bay 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93