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1840 Northwest 22nd Court, ...

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

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

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

$1,040,000

$256/SF

Building Size

4,050 SF

Asset Type

Industrial

Closing

May 10, 2022

AI

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

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker

Jared Jukel

Buyer

$12.6M

vol

7 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

15.25%

Cash-on-Cash

-4.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93