Updated Oct 25, 2024
Rene Vivo Acquires Industrial Property In Allapattah For $1.245M
1724-40 Northwest 22nd Street, Allapattah, Miami, FL, USA
$1,245,000
$59/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
Oct 15, 2021
About this deal
AI
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.
On the Map
$1,245,000
$59/SF
Industrial
View full map
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan Eismann to view all their deals.
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.74%
Cash-on-Cash
-3.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93