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1825 Northwest 21st Street

Kenneth Fantes Of Bay Heights Capital Purchases Industrial Property In Allapattah For $3.2M
SOLDIndustrial

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

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

Kenneth Fantes

Buyer

$8.1M

vol

3 deals

Buyer

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