Updated Mar 12, 2025
Joseph Delvecchio Purchases Industrial Property In Allapattah From Robert Martin For $2.26M
1854 Nw 22 St
$2,258,500
$278/SF
Building Size
8,100 SF
Asset Type
Industrial
Closing
Feb 26, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 1854 Northwest 22nd Street in the Allapattah market. The sale price for the property was $2,258,500, and it encompasses a total area of 8,100 square feet, resulting in a price per square foot of $278.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,258,500
- Address: 1854 Northwest 22nd Street
- Market: Allapattah
- Square Footage: 8,100
- Price Per Square Foot: $278
- Buyer: Joseph Delvecchio
- Seller: Robert Martin
- Buyer's Representative: Jonathan Eismann - Gridline Properties
- Seller's Representative: Carlos Fausto Miranda - Fausto Commercial Realty Consultants
In this transaction, Joseph Delvecchio purchased the property from Robert Martin. The representatives involved were Jonathan Eismann of Gridline Properties, who acted on behalf of the buyer, and Carlos Fausto Miranda from Fausto Commercial Realty Consultants, representing the seller.
On the Map
$2,258,500
$278/SF
Industrial
View full map
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan Eismann to view all their deals.
Browse Miami industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.02%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93