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
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.
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