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Jonathan Eismann & Jared Jukel Acquires Industrial Property In Allapattah Area For $1.04M

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SOLD
$1,040,000
Jonathan Eismann

Florida

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Industrial4,050 SF
Sold 05/11/2022
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Property Image
SOLD

Jonathan Eismann & Jared Jukel Acquires Industrial Property In Allapattah Area For $1.04M

1840 Northwest 22nd Court, Miami, Florida 33142, United States

See Similar Deals
Industrial4,050 SF
Sold 05/11/2022
Jonathan Eismann
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$256
Total Square Footage:4,050 SF
Transaction Type:Sale

Located at 1840 NW 22nd Street in Allapattah, this industrial property was recently sold for a total price of $1,040,000. The property spans 4,050 square feet, with a price per square foot of $256. The lot size measures 7,095 square feet, equating to a price per lot square foot of $147.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,040,000
  • Address: 1840 NW 22nd Street
  • Market: Allapattah

Jared Jukel acted as the buyer in this transaction, while Angel Perez was the seller. Jonathan Eismann from Gridline Properties represented the buyer, and Rayel Enriquez from Vivo Real Estate Group represented the seller. It's worth noting that Jonathan Eismann has traded over half-a-million square feet of industrial space in Allapattah, making him one of the most active brokers in this vibrant sub-market of Miami-Dade County. Allapattah continues to attract the interest of industrial warehouse investors and owner-users due to its close proximity to Downtown, Brickell, Civic Center, airports, Wynwood, and The Design District, which adds significant value to properties in this sector.

Players

Jonathan Eismann
36 deals$95.6M volume(305) 507-7098
BROKER

Raydel Enriquez
VS Real Estate (VSRE)
8 deals$7.3M volume(786) 554-7887
BROKER

Details

SOLD
IMAGE: Jonathan Eismann & Jared Jukel DATE: 05/11/2022 ADDRESS: 1840 NW 22nd Street MARKET: Allapattah ASSET TYPE: Industrial BUYER: Jared Jukel (@JJukel) SELLER: Angel Perez BUYER'S REP: Jonathan Eismann (@JonEismann) - Gridline Properties (@GridlineProperties) SELLER'S REP: Rayel Enriquez - Vivo Real Estate Group (@VivoRealEstateGroup) SALE PRICE: $1,040,000 SF: 4,050 ~ PPSF: $256 LOT SF: 7,095 ~ PPLSF: $147 NOTE FROM @GridlineProperties: Jonathan Eismann has now traded well over half-a-million square feet of industrial space in Allapattah and is one of the most active brokers by volume in this vibrant sub-market of Miami-Dade County. Allapattah remains increasingly interesting to industrial warehouse investors, and owner-users looking to remain in a Last-Mile Miami core location. Its immediate proximity to Downtown, Brickell, Civic Center, Airports, Wynwood, and The Design District, all add incredible value to any commercial property in this sector.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,694.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,930.13
Annual Debt Service$59,161.57