Updated Dec 21, 2023
Ryan Shear Acquires Warehouse In Miami, FL From Karen Llera For $7.5M
18 Northwest 11th Street, Miami, Florida 33136, United States
$7,500,000
Building Size
—
Asset Type
Industrial
Closing
Jul 12, 2022
About this deal
AI
Four warehouse properties in Miami, FL have recently been sold in a transaction totaling $7,500,000. The properties, located at 18 NW 11th St, 34 NW 11th St, 38 NW 11th St, and 44 NW 11th St, were sold in a closed sale on July 13, 2022. The transaction involved the buyer, Ryan Shear, and the seller, Karen Llera.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $7,500,000
Ryan Shear, a buyer in this transaction, acquired the four warehouse properties in Miami. Karen Llera served as the seller. Additional details regarding the deal and the parties involved were not disclosed.
On the Map
$7,500,000
Industrial
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93