Updated Dec 21, 2023
Stephern Gorey & Steve Scoppetuolo Acquire Industrial Property In Miami, FL For $2.4M
17250 South Dixie Highway, Miami, Florida 33157, United States
$2,400,000
$1,200/SF
Building Size
2,000 SF
Asset Type
Industrial
Closing
Jan 11, 2022
About this deal
AI
The industrial property located at 17250 S Dixie Hwy in Miami, FL has been sold for a price of $2,400,000. The property spans over 2,000 square feet, resulting in a price per square foot of $1,200. The transaction took place on January 12, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Address: 17250 S Dixie Hwy, Miami, FL
- Square Footage: 2,000
- Price per Square Foot: $1,200
The buyer of the property is Stephern Gorey & Steve Scoppetuolo, while the seller is Ignacio Urbieta Jr.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93