Rene Vivo Acquires Industrial Property In Allapattah For $1.245M
SOLD
$1,245,000
Florida
See Similar DealsIndustrial21,000 SF
Sold 10/15/2021
SOLD
Rene Vivo Acquires Industrial Property In Allapattah For $1.245M
1724-40 Northwest 22nd Street, Allapattah, Miami, FL, USA
See Similar DealsIndustrial21,000 SF
Sold 10/15/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$59
Total Square Footage:21,000 SF
Transaction Type:Sale
Rene Vivo has purchased an industrial property in Allapattah, located at 1724-40 NW 22 Street. The property spans 21,000 square feet, with a lot size of 21,000 square feet. The transaction was facilitated by broker Jonathan Eismann from Gridline Properties. The property was sold by Roland DiGasbarro for a sale price of $1,245,000, exceeding the asking price of $1,195,000. The price per square foot (PPLSF) was calculated to be $59.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,245,000
- Lot Size: 21,000 square feet
- Asking Price: $1,195,000
- Broker: Jonathan Eismann - Gridline Properties
This transaction showcases Rene Vivo's investment in an industrial property in Allapattah. Jonathan Eismann, representing Gridline Properties, successfully facilitated the deal between Vivo and the seller, Roland DiGasbarro.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,423.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,901.94
Annual Debt Service$70,823.22
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