Updated Oct 28, 2024
Advanced Roofing Acquires Industrial Property In Allapattah For $2.8M
2160 Northwest 17th Avenue, Allapattah, Miami, FL, USA
$2,800,000
$208/SF
Building Size
13,430 SF
Asset Type
Industrial
Closing
May 3, 2021
About this deal
AI
An industrial property located at 1733-37 NW 21st Terrace & 2160 NW 17th Avenue in Allapattah has been sold. The property has a total square footage of 13,430 and is situated on a lot sized 27,585 square feet. The sale price for the property was $2,800,000, with a price per square foot of $208.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Address: 1733-37 NW 21st Terrace & 2160 NW 17th Avenue
- Market: Allapattah
- Square Footage: 13,430
- Price per Square Foot: $208
- Lot Size: 27,585
The buyer of the property was Advanced Roofing, while the seller was Windsor Investments. David Salazar from Affinity International Realty represented the buyer in the deal, and Jonathan Eismann from Gridline Properties represented the seller.
Players
Miami 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93