Advanced Roofing Acquires Industrial Property In Allapattah For $2.8M
SOLD
$2,800,000
Florida
See Similar DealsIndustrial13,430 SF
Sold 05/04/2021
SOLD
Advanced Roofing Acquires Industrial Property In Allapattah For $2.8M
2160 Northwest 17th Avenue, Allapattah, Miami, FL, USA
See Similar DealsIndustrial13,430 SF
Sold 05/04/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$208
Total Square Footage:13,430 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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