Updated Apr 27, 2026
Kenneth Fantes Of Bay Heights Capital Purchases Industrial Property In Allapattah For $3.2M
1825 Northwest 21st Street
$3,200,000
$269/SF
Building Size
11,880 SF
Asset Type
Industrial
Closing
Apr 19, 2026
About this deal
AI
The industrial property located at 1825 Northwest 21st Street in the Allapattah market was sold for $3,200,000. The asset comprises a total square footage of 11,880, resulting in a price per square foot of $269.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Address: 1825 Northwest 21st Street
- Market: Allapattah
- Square Footage: 11,880
- Price per Square Foot: $269
- Buyer: Kenneth Fantes - Bay Heights Capital
- Seller: Moises Bichachi
- Buyer's Representative: Ernie Perez - Gridline Properties
The transaction was facilitated by Ernie Perez, who represents the buyer, Kenneth Fantes. The deal involved Moises Bichachi as the seller, reflecting a direct interaction between these key parties in the industrial real estate sector.
On the Map
$3,200,000
$269/SF
Industrial
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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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93